According to the analysis system of the commodity market of SunSirs, the average price of PS at the beginning of this week was 10,100 RMB/ton, and the average price of PS over the weekend was 10,083 RMB/ton, a decrease of 0.17% and an increase of 6.89% compared to the same period last year.

Reference for mainstream brand prices excluding taxes: Zhenjiang Qimei PG33 quoted at 10,700 RMB/ton, Taiwan Taihua 5250 quoted at 10,690 RMB/ton, Ningbo Taihua 535N quoted at 9,900 RMB/ton, Shanghai Secco 123P quoted at 10,200 RMB/ton, Thai Petrochemical 150 quoted at 10,320-10,350 RMB/ton, 650 quoted at 11,050 RMB/ton; Guangzhou Petrochemical 525 reports 9,660-9,700 RMB/ton, and 660 reports 10,560 RMB/ton.

Upstream styrene continues to decline, with weakened cost support. In addition, the trading atmosphere on the market is weak, and merchants lack confidence. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is between 9,700-11,350 RMB/ton, The mainstream price of HIPS (polystyrene) ranges from 10,400 to 11,900 RMB/ton.

The PS market transactions are weak, and merchants are offering discounts to sell. It is expected that the short-term PS price will mainly fluctuate weakly.

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