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According to the latest news, crude oil is expected to be weak, while the production raw material side is expected to rise steadily but slightly, and the cost support for styrene has been strengthened.

Last week, the EIA inventory was bearish, and the oil price first rose and then fell. In the first half of the week, the trading activity increased driven by crude oil, and the price went up.

Affected by the temporary shutdown of phenol – ketones plants in Zhejiang and Formosa Chemicals & Fibre Corporation and other regions due to malfunctions

International crude oil last week was a wide range of oscillation, toluene, xylene in East China, the overall rigidity, although the Shandong refinery refinery load reduction production

This week, the domestic benzene market has been running strong, with many factories in Shandong’s local refineries halting production or reducing output. Coupled with the…

Due to the temporary shutdown of the phenol-acetone plant in Zhejiang due to a malfunction and the firmness of the raw material pure benzene

Although there is an expectation of inventory reduction in domestic styrene supply in the first half of February, the overall supply remains relatively abundant. The main downstream demand is expected to increase temporarily after the Spring Festival, but the spot demand may still be weak.

Toluene and xylene, these two colorless and aromatic liquids, are actually not unfamiliar in our daily lives. Due to their volatile and flammable properties, they…

After the holiday, Shandong refineries, free from inventory pressure due to pre-holiday stock clearance and with some units temporarily shut down, saw a rise in toluene and xylene prices as they replenished stocks post-holiday.

During the Spring Festival in 2025, the domestic acetone market operated stably with a basically balanced supply and demand relationship, and prices fluctuated slightly. Impacted by the shutdown during the Spring Festival holidays and slowed logistics, the market trading atmosphere was relatively subdued. However, sufficient pre-holiday stockpiling prevented any noticeable supply shortages.

The recent probability of crude oil exhibiting a relatively strong performance is high, which continues to provide a certain degree of support for styrene. The broad balance in supply and demand at the benzene end has improved, but its impact on styrene is not significant, and it is likely to mainly follow the trend of styrene.

Currently, mainstream factories of ethyl acetate have low inventory levels, and their inventory depletion plans during the Lunar New Year holiday period are basically in place. The main bidding factories have relatively low volumes for distant future delivery, significantly affected by transportation issues.