PS market generally fell, with a range of 200-1250 RMB/ ton. In the East China market, the price of benzene permeation was 9,700-14,100 RMB/ ton, with a decrease of 300 RMB/ ton in the low-end market and 400 RMB/ ton in the high-end market. Styrene in East China rose 115 RMB/ ton, to 8,240 RMB/ ton on a month on month basis. Affected by the mood of "buying up but not buying down", the small and medium-sized downstream insisted on just in demand purchasing, and the market was weak.
Zhanjiang Sino US PS ex-factory price, 525 quotation is 10,100 RMB/ ton. The ex-factory price of CITIC Guoan PS is 10,300 RMB/ ton. Upstream styrene rise after the impact of fall, PS bulk cargo negotiation center of gravity again down, East China agents offer high.
Short term PS market or continue to weak trend, the trend is affected by profit taking operation. Although PS operating rate decreased, due to slow delivery, PS inventory pressure increased. The short-term market is still affected by the price reduction of the profit plate, and the price may be adjusted again. It is estimated that the benzene permeation rate in East China market will be 9,500-14,000 RMB/ ton.
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