20230507-创元期货-苯乙烯周报_苯乙烯基本面偏弱_估值边际继续下压_23页_2mb

Supply: BenzoE plant startup rates are stable but expected to peak and decline due to increased maintenance in May and June. Imports remain low, with normal export levels.

Demand: Reduced output in downstream industries, particularly EPS, amid the May Day holiday. New capacity increases overall production, but weak terminal demand and inventory pressures persist; long-term excess supply is likely.

Price: Affected by crude oil price drops, benzoE maintains low valuation, following cost movements closely.

Outlook: Short-term bearish for benzene due to stable supply and weak demand; benzoE may see slight value recovery from expected supply declines but remains bearish due to persistent demand pressures and low valuation.