Unites: Yuan/mt

Products	Time	E-China	S-China	N-China
Styrene quotations	Last week	11900-11950	11800-11850 delivered	11600-11900 delivered
	This week	11500-11550	11500-11500 delivered	11600-11900 delivered
Ex-works prices of general material	Last week	13000-13200	13100-13200	13000-13300
	This week	12700-12900	12800-12900	12700-12900
Market prices of general material	Last week	13100-13400	13200-13300	13100-13400
	This week	12800-13100	12900-13000	12800-13100

  (The lower prices were for small plants, and the higher ones were for big plants, all of the quotations were for cash.)

 

    The prices of crude oil were declined below $ 120/barrel, and the styrene market slumped all over the world, so the domestic styrene market fell down again and again. The ex-works prices of EPS declined by Yuan 300/mt generally, and up to Friday, the ex-works prices of general material quoted at Yuan 12,800-12,900/mt, and the prices of small plants were about Yuan 12,700-12,800/mt, with anti-burning material was Yuan 300/mt higher. The demands during Olympic Games turned mute again. The units in King Pearl and Xingda were in low operating rates, so the whole inventory had been reduced.

　 

    The market situation was bad and the dealers were in deficiency and operated with low inventory. Influenced by the mute demands, the market prices were declined followed ex-works prices. Up to Friday, general material in NE-China quoted at Yuan 13,200/mt, and the anti-burning material was about Yuan 13,500/mt. the anti-burning material in Xinjiang market quoted at Yuan 13,700-13,800/mt. the market prices in Fujian market were disordered, general material from King Pearl was at Yuan 13,100/mt, and anti-burning material was at Yuan 13,400/mt. The terminal demands were still unchanged.

    The CFR quotation of Asia styrene plunged by $ 94/mt last week, and the quotation at the beginning of this week was about $ 1,520/mt. As the effect, EPS export quotations were plunged by $ 50/mt, anti-burning material mainly quoted at $ 1,750/mt FOB China main ports from domestic plants. The counter-offers were few and the dealing situation was mute, and the market prices still had possibility to reduce.

 

    The electricity limitation was serious in Shandong and Hebei province, so the operating rates were low in downstream plants. The plate market in N-China was not flourishing. Drawing to Olympic Games, the downstream plants in Zhejiang and Jiangsu district shut down in succession.