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SunSirs: China PS Transaction was Cold, and the Price is Weak
June 15 2021 15:08:07SunSirs(Selena)

According to the monitoring data of SunSirs, the average price of PS (GPPS 525) was 10,700 RMB/ ton at the beginning of last week, and 10,600 RMB/ ton at the end of last week, with a price drop of 0.93% and an increase of 34.18% compared with the same period last year.

The domestic PS market was mainly weak, and the decrease of benzene conversion was larger than that of trans benzene, with a range of 20-400 RMB/ ton. Raw material styrene continued to fall, increasing buying wait-and-see sentiment, coupled with the impact of PS factory price down, businesses oversold operation more. The supply of ordinary trans benzene is more tight than that of modified benzene, and the decrease rate is less than that of modified benzene.

In East China market, the total benzene revenue was 10,950-12,450 RMB/ ton, the low end was stable on a month on month basis, and the high end was stable on a month on month basis. Yuyao benzene market receives 11,000-12,450 RMB/ ton of benzene and 13,000-14,450 RMB/ ton.

ChinaPS market may be narrow and weak. The cost center is low, and the market support mainly comes from the tight supply of trans benzene. The downstream demand is weak, the factory just purchase by needs.

 

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