SunSirs: Plastics, PS Price Falls
January 17 2020 16:45:23 SunSirs (Daisy)
PS market trend is generally stable. Before the festival, the downstream purchases on demand, the overall market trading performance is poor. And the pace of delivery has slowed down significantly. Price: the main quotation of GPPS is 9,150-10,300 RMB / ton, and that of hips is 9,950-11,300 RMB / ton.
Zhanjiang Sino-American PS ex-factory price, 525 quoted at 8,900 RMB / ton. The factory price of CITIC Guoan PS is priced at 9,500 RMB / ton at 525, and the price of Jiangsu Saibaolong PS is priced at 9,500 RMB / ton at 525.
PS market has a strong wait-and-see atmosphere, and the overall transaction atmosphere is not ideal. The factory quotation of petrochemical enterprises has been lowered individually, which may form a certain negative guidance for PS quotation of plastic city. PS market trend is expected to be weak forward.
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