I. Production supply forecast – New capacity

It is expected that in the second half of the year, domestic styrene production capacity will maintain an increasing trend, rough statistics are expected in the second half of the year there will be 1.8 million tons/year of styrene new plant capacity will be built and put into operation, the expected capacity increase of 9.22%.

2. Forecast of output and capacity utilization

In the second half of the year, the production of styrene will grow at about 8.09%, mainly because of the expected production of 1.8 million tons per year, some styrene devices will restart, and the downstream enterprises will be partially restored, and some of the new downstream devices will also be in the market, and expect the increase in the output of styrene. However, the expected supply is greater than the demand increment, so the overall capacity utilization of the styrene device will decline, and the overall start of the project is less than the first half of the year.

Third, consumer demand forecast

Data show that in the second half of 2023, the main downstream of styrene, if the new plant plan can be fully put into operation, it is expected that the capacity of PS in the second half of the year will increase by 580,000 tons/year, the capacity of EPS in the second half of the year is expected to increase by 170,000 tons/year, and the capacity of ABS in the second half of the year is expected to increase by 1.56 million tons/year, and the demand for styrene is expected to increase by about 1.8 million tons according to the styrene feed ratio. Same as the expected increase in styrene. However, according to the production schedule of the news surface, there will be a large number of downstream devices delayed, and there are individual devices with certain performance such as product conversion, especially in the downstream with the expected production reduction guarantee situation, it is expected that 50% of the new capacity can be put into production temporarily, according to the average start of the first half of the enterprise, it is expected that its demand for styrene will be lower than the increase in styrene supply. The second half of the styrene market to provide some auxiliary impact.