Price trend

According to the monitoring data of SunSirs, the average price of PS common material at the beginning of this week was 9,633 RMB/ton, and the average price of PS common material at the weekend was 9,600 RMB/ton, with a price drop of 0.35%.

Analysis review

As of the 10th, the PS market was volatile and weaker, and the opening of upstream styrene fell under pressure. The merchants were in a bad mood, and mainly reduced the price to sell. Zhenjiang Qimei PG33 quoted 10,210 RMB/ton, Taiwan Taihua 5250 quoted 9,050-9,100 RMB/ton, Ningbo Taihua 535N quoted 8,980 RMB/ton, Shanghai SECCO 123P quoted 9,180 RMB/ton, Thailand Petrochemical 150 quoted 9,750 RMB/ton, Guangzhou Petrochemical 525 quoted 8,400-8,450 RMB/ton.

The supply of goods in PS market was slowly digested, and the pressure of merchants to ship goods was not reduced, and mainly reduced the price to sell. The mainstream price of GPPS in the East China market was 8,800-10,700 RMB/ton, and the mainstream price of HIPS was 9,700-11,000 RMB/ton.

Market outlook

PS market transactions were light, and some manufacturers' quotations were weak. It is expected that the domestic PS market will mainly be weak in the short term.

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