SunSirs: China PS Prices Fell in May

According to the commodity market analysis system of SunSirs, the average PS quotation at the beginning of this month was 10,300 RMB/ton, and the average PS price at the end of the month was 10,183 RMB/ton, a decrease of 1.13% and an increase of 8.72% compared to the same period last year.

Mainstream brand price without tax reference: Zhenjiang Qimei PG33 quoted 10,650 RMB/ton, PH88 quoted 11,000 RMB/ton; Taiwan Taihua 5250 reports 10,610-10,630 RMB/ton, Ningbo Taihua 535N reports 9,900 RMB/ton, 8250 reports 11,060 RMB/ton; Shanghai SECCO 123P reported 10,170-10,200 RMB/ton, Thai Petrochemical 150 reported 10,320-10,350 RMB/ton, Guangzhou Petrochemical 525 reported 9,620 RMB/ton, and 660 reported 10,350 RMB/ton.

In May, the overall price of PS showed a downward trend, with pure benzene showing a strong trend and styrene fluctuating and rising. However, the market was limited in terms of boost, and the market was mainly wait-and-see, with transactions still not optimistic. The mainstream price of GPPS (polyphenylene sulfide) in the East China market was between 9,950-11,350 RMB/ton, and the mainstream price of HIPS (polystyrene) was between 10,500-11,900 RMB/ton.

The EPS market has a lively negotiation atmosphere, with some buyers following up and the overall transaction atmosphere slightly increasing. The domestic EPS prices have been partially raised, with Jiangsu ordinary materials priced at 10,500-10,600 RMB/ton and fuel blocking priced at 10,700-10,900 RMB/ton. The EPS market is in an active negotiation atmosphere, with some buyers following suit and the overall transaction atmosphere slightly increasing.

The downstream trading atmosphere in the PS market is lukewarm, and it is expected that PS may experience a narrow range of fluctuations in the short term.

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