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SunSirs: China PS Market mainly Fell
October 26 2021 11:21:29SunSirs(Selena)

According to the monitoring data of SunSirs, the average price of PS ordinary materials at the beginning of last week was 11,833 RMB/ ton, and the average price of PS ordinary materials at the end of last week was 11,733 RMB/ ton, down 0.85%.

The domestic PS market mainly fell, with a range of 100-300 RMB/ ton. WTI rose below $80 / barrel, but coal related commodity futures fell by the limit on Tuesday, resulting in strong risk aversion and wait-and-see sentiment in the market. In addition, the high-level inquiry in the market is weak, the profit-making market actively reduces the price and ships, and the market generally callback. Some low-level transactions are better, but the high-level buying conflicts, and the overall transaction is difficult to be large-scale for the time being.

The price of benzene in East China market was 11,100-12,000 RMB/ ton, the low-end chain fell 300 RMB/ ton, and the high-end chain fell 200 RMB/ ton.

The output of PS industry has increased significantly, the operating rate has rebounded to around 75%, the supply tension has also eased, the overall market buying has not recovered significantly, and the short-term or focus on the game between supply and demand.

 

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