Price trend

According to the monitoring data of SunSirs, the average price of PS at the beginning of this week was 9,333 RMB/ton, while the average price of PS at the weekend was 9,283 RMB/ton, with a price decrease of 0.51% and a year-on-year decrease of 12.97%.

Analysis review

A few domestic GPPS factory prices fell by 100 RMB/ton, while Dongguan PS market prices fell, with Guangzhou Petrochemical 525 quoting 8,410 RMB/ton; Ningbo PS market price fell, with Ningbo Taihua 535N quoting 9,600 RMB/ton; The market price of Yuyao PS fell, with Ningbo Taihua 535N reporting 9,600 RMB/ton.

The PS market price was stable and declined, the cost center had weakened, support had weakened, and the digestion speed was general. PS prices weakened slightly, with some goods tight and prices strong, and the overall market transaction was average. The total production of domestic PS in March is expected to reach 370,000 tons, a year-on-year increase of 27.58%.

Market outlook

The overall supply of domestic PS is relatively sufficient, and the inventory pressure of petrochemical plants is expected to be high, while the pressure on the supply side of PS remains. It is expected that the market price of PS may be dominated by a volatile and weaker trend.

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