1. Price Trend
The PS market continued to run smoothly. There were not many downstream factory purchases, and the sales and shipments on the market were relatively flat. Under the weak trading atmosphere, most traders are cautious. In terms of price, GPPS mainstream price is 9,150-10,200 RMB/ton. HIPS mainstream price is 9,900-11,300 RMB/ton.
2. Market Analysis
PS market price: Zhanjiang Sino-American PS ex-factory price, 525 quoted at 9,350 RMB/ton. The ex-factory price of CITIC Guoan PS 525 is 9,500 RMB per ton, and the price of Jiangsu Saibaolong PS 525 is 9350 RMB per ton.
3. Market Forecasting
The trading atmosphere in the PS market is still relatively dull and lacks popularity. Coupled with the low downstream demand, it will have a certain negative impact on the market. Businessmen are cautiously on the market outlook. And it is expected that the PS market will likely maintain a generally stable trend.
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