Unites: Yuan/mt

Products	Time	E-China	S-China	N-China
Styrene quotations	Last week	12,600-12,650	12,700-12,800 Delivered	12,800 Delivered
	This week	12,400-12,420	12,500 Delivered	12,500-12,600 Delivered
Ex-works prices of general material	Last week	14,000-14,200	14,100-14,100	14,000-14,200
	This week	13,600-13,800	13,800-13,800	13,600-13,800
Market prices of general material	Last week	14,100-14,400	14,200-14,200	14,200-14,400
	This week	13,700-14,100	13,900-13,900	13,700-14,100

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

 

    Styrene quotations in China market declined by Yuan 200/mt, and EPS materials quoted down by Yuan 300-400/mt. general material from great plants declined from Yuan 14,100-14,200/mt to Yuan 13,800-13,900/mt, and the ones from small plants reduced from Yuan 14,000/mt to Yuan 13,600-13,700/mt. King Pearl Brand carried out favorable price policy last weekend and got some advantages, so the other plants followed but the effect was thin. 

   

    EPS market situation was unchanged. The processed supplies reached N-China market in succession and harmed the local market. At the same time, Hebei market turned into mute situation because of Olympic Games, and the surplus supplies were transported to Henan market. The quotations in Pearl River Delta were lower: up to Friday, general material quoted at Yuan 13,900/mt and anti-burning material was at Yuan 14,200/mt (delivered). The quotations in Yangtze River Delta were higher but nominal. General material of King Pearl Brand and Xingda Brand quoted at Yuan 14,100/mt and the anti-burning ones were at Yuan 14,400/mt. on Friday, the general material of King Pearl, Xingda and Jiachang quoted at Yuan 14,200/mt in NE-China market, and the anti-burning material offered at Yuan 14,500/mt. 

    Supported by tight supplies and high cost, EPS plants improved the import quotations by $ 20-30/mt. Anti-burning material from Xingda Brand quoted at $ 1,920/mt, and the ones from Hupao and Jiachang offered at $ 1,860-1,870/mt, and anti-burning material from Changle was at $ 1,900/mt, all of the above quotations were for FOB China main ports. The deals were rare. The domestic demands were bad so the plants paid more attention to Europe market, but the export volumes were still not increased.

 

    Crude oil prices plunged in this week, and the closing offers had fallen below $ 130/barrel. Asia styrene market was encumbered by crude oil prices, and closed at $ 1,295-1,296/mt FOB Korea, which were declined by $ 59/mt in one week. The main discussing quotations in Jiangsu styrene market were declined from Yuan 12,600-12,650/mt to Yuan 12,400-12,450/mt. The domestic styrene market were inverted for a long time, so the dealers were sold with spare times and quoted less.

 

    Terminal demands of EPS still had no improvement. Packaging of home appliance entered the mute season in Yangtze and Pearl River Delta Region. The demands in Zhejiang district were declined by one-third. Drawing to Olympic Games, most of the plants in Beijing and Tianjin district shut down, and the plants which were far from Beijing district, were basically half-opened. The demands in NE-China were common, the benzene board and colorful steel were stock up without handling.