20231107-紫金天风-苯乙烯周报_边际走强_担忧仍存_22页_2mb

Pure Benzene Market Analysis

• Supply from propaning is less than expected, leading to slower inventory build-up in the short term. Fundamentals are slightly tight due to reduced incremental supply, but demand remains weak from downstream losses and uncertain import scenarios.
• Short-term outlook is neutral to bullish, but risks from oil and macro factors could impact prices.
• Inventory levels at key ports are rising, but cumulative accumulation is expected to be low.

Styrene Market Analysis

• Fundamentals are relatively stable with no major shifts, but concerns persist over weak demand and poor downstream profitability.
• Port inventories have decreased, though new demand and capacity additions are limited.
• Overall, expect minor inventory changes in the short term, with heightened risks from external factors.