Business community on April 26 hearing this week, the international crude oil prices fluctuated and the high, but the recent stock market still remain high, market trends in different parts of decline, due to high support costs, decreased limited. The main factors are the following: 1, due to Iceland volcanic ash influence the international oil price shocks, the market mentality of the industry fluctuations; 2, styrene market in Asia remains in the doldrums, the domestic market, lack of clear guidelines; 3, Yushu in Qinghai Province earthquake did not greater impact styrene market, coupled with stock market has remained high in show business pessimism, a slight increase of low-cost shipping intentions; 4, lower EPS, PS, ABS, etc. factories started well, but the end product sales are not busy and adequate suppression of factory stock market purchases, maintains on-demand purchase.
Specific to each market are as follows:
North Market: weekly, by the weak impact of crude oil plummeted and East China, North China Styrene market buying back, but the manufacturer under more stable market price talks deadlocked intention to go flat. Closed in 10300-10400 yuan / ton Jingjintang sent. Subsequently, the North China market traders depression, discuss rare, unusual transactions. As of the weekend, manufacturer price loose, while the lack of good news boosted buying light, softening the North China market advantage of the opportunity, to close at 10250-10300 yuan / ton Jingjintang sent.
East China Market: weekly, led to sharply lower crude oil market traders once again bearish market, the supply of high-cost support is difficult to quickly under heavy volume, but the overall emotional well-traders, the market basically stable. Weeks, the real estate market shaken to promote economic side of the pessimistic trend, but the high cost of raw materials and guidelines on good news the market is difficult to shake the market a larger decline, despite increased buying inquiry, but the market is difficult to discuss, the real deal less. To this weekend, the downstream market is still limited to on-demand procurement purchases, traders on the current market confidence generally, the premise of no good news, the cost factors of the market stalemate will continue.
South China Market: weekly, international oil prices drop, affected to discuss partial raw materials benzene, Asian styrene market is still a deadlock, the atmosphere in South China market downturn. Week, with the crude oil market made up Biao, traders emotional ups and downs, but traders hold out market transactions the microscopic heavy volume. Weekend, along with Guangzhou Petrochemical down ex-factory price of styrene, and the slow consolidation of crude oil market, South China market negotiations deadlocked, the pressure larger inventory, more than hold out downstream, purchase intention is gradually softening hard to heavy volume transaction.
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