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SunSirs: Market Transactions Were Active, and PS Prices Rose
May 24 2022 09:12:55SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the average price of PS common materials at the beginning of this week was 10,683 RMB/ton, and the average price of PS common materials at the weekend was 10,750 RMB/ton, with a price increase of 0.62% and a year-on-year increase of 0.46%.

Analysis review

The focus of the domestic PS market rose, and the rise in crude oil led to the increase of pure benzene and styrene, and the market inquiry atmosphere improved significantly. Small and medium-sized traders were mainly replenishing goods, and merchants were gradually cautious in low-level shipments. However, after the market probed up, the volume of transactions shrank, and the market inquiry atmosphere had improved to a certain extent, and the follow-up of actual orders was not as good as the inquiry.

The rise in raw materials has driven up costs and market expectations, but small and medium-sized downstream factories have finished stocking up before the holiday, and the interest in receiving goods after the price has increased may also weaken.

Market outlook

The domestic PS market has a lot of wait-and-see sentiment, and the supply of some materials has increased, and the goods have been sold at a small profit-cutting. It is estimated that the PS price in Yuyao market is 10,500-11,900 RMB/ton.

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