Will EPS&PS prices rise or fall from the second half of November to early December?
Created on 12.12
In November 2025, the price of styrene in China first fell and then rebounded, showing an overall volatile trend, and the price hit a nearly five-year low within the month. In the short term, it was boosted by equipment maintenance, but in the long term, it is still constrained by weak demand. The specific fluctuation situation is as follows:
From early November to November 11th: Continuing the previous downward trend, this round of decline started on October 24th, with a drop of 5% in 13 trading days, and the spot market price in Jiangsu fell below 6300 yuan/ton, hitting a new low in nearly five years. The decline rate at this stage has significantly slowed down compared to the first round of decline in September and October, and the indicator has shown a bottom divergence signal, indicating that the downward trend is gradually slowing down.
November 13-14: Prices experienced a significant rebound. On the 13th, the highest price of styrene futures reached 6442 yuan/ton, an increase of nearly 3%, and the price of external markets in Asia also rose by 15 US dollars/ton; On the 14th, the news of the shutdown and maintenance of the 450000 ton/year unit of Sinochem Quanzhou drove the spot price in Jiangsu to rise by 95 yuan/ton to 6500 yuan/ton in a single day, and the quotation of Lihua Yiwei Yuan Chemical was also raised by 140 yuan/ton.
November 18-19: The market rebounded again after a slight fluctuation. On the 18th, styrene futures closed lower during trading, but the previous stage of rebound had already emerged; On the 19th, the rebound trend continued, and the price trend showed a "neither breaking nor standing" characteristic, breaking through the previous downward trend, and the market had expectations that it may enter an upward cycle. The core of price fluctuations is influenced by supply and demand, and short-term supply tightening caused by equipment maintenance and other factors is driving price rebound. If there is no urgent demand for EPS and PS procurement, we can wait and see until the end of November or early December, during which time there should be price increases. The above analysis is for reference only.
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