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SunSirs: China PS Market was in Short Supply and Price Rose
January 18 2021 10:48:00SunSirs(Selena)

PS market was mixed, ranging from 50-350 RMB/ ton. During the week, the supply of some spot goods was tight, the replenishment cost of some brands was increased, and the performance of raw material styrene was acceptable. The East China market was actively exploring and trading in low volume, and some of the pre-sale goods will be available this week. However, the ex-factory price of Qimei PS was lowered, and the related brands also fell. Due to the rigid demand and certain demand for goods preparation, the orders of production enterprises increased, and the PS inventory continued to decrease.

Zhanjiang Sino US PS 525 ex-factory price quoted 9,700 RMB/ ton. The factory price of CITIC Guoan PS 525 was 8,500 RMB/ ton. Due to the downstream rigid demand and certain demand for goods preparation, the orders of production enterprises increased, the speed of picking up goods accelerated, and the PS inventory continued to decrease.

The short-term China PS market may be stronger, supported by tight supply.

 

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