SunSirs: PS Trading Goes to Good Price and Rises Slightly
September 16 2019 11:32:04 SunSirs (Eva)1.Price Trend
PS market quotation is generally stable, a small part of the upward. Traders pay more attention to the change of ex-factory price of petrochemical enterprises, and the poor demand downstream is still the main factor hindering the overall market climate to improve. Price: GPPS mainstream offer is RMB 10,200-10,600/ton, HIPS mainstream offer is RMB 10,700-12,000/ton.
2.Cause analysis
PS market quotation: Zhanjiang Sino-US PS ex-factory price, 525 quoted for RMB 10,000/ton. CITIC Guoan PS ex-factory price, 525 quoted for RMB 10,100/ton. Market turnover and delivery preference, the trading atmosphere is active.
3.Future Market Forecast
PS market trend is strong. The downstream factories have general inquiries and are mainly cautious. It is expected that PS will operate steadily in general and may increase in a narrow range locally.
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