According to the monitoring data of SunSirs, the average price of PS (GPPS 525) was 10,600 RMB/ ton at the beginning of last week, and 10,533 RMB/ ton at the end of last week, with a price drop of 0.63% and an increase of 30.04% compared with the same period last year.

The domestic PS market fell mainly, with a range of 50-250 RMB/ ton. Raw material styrene low consolidation, combined with PS ex factory price down impact, the market with the mood is strong, business price shipping. Styrene rebounded on Wednesday, and an unexpected impact of an enterprise in Jiangsu Province. On Thursday, some businesses tentatively pulled up. The replenishment operation of traders was slightly better, and the terminal heard that it was general.

The factory price of PS has been lowered, the tight supply situation has been improved to some extent, and the downstream demand is weak. In Yuyao market, the price of benzene is 10,650-12,200 RMB/ ton, and the price of benzene is 12,500-14,200 RMB/ ton.

At present, the overall impact of PS construction is improving, and the market supply increase is expected to be obvious. It is expected that China PS market will be consolidated in a narrow range this week.

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