SunSirs: PS Market Deserted, Price Fall
September 26 2019 14:08:31 SunSirs (Eva)1.Price Trend
PS market quotations fell slightly, and poor downstream demand is the main factor hindering the overall market climate to improve. Price: GPPS mainstream offer is RMB 10,200-10,600 yuan/ton, HIPS mainstream offer is RMB 10,700-12,000 yuan/ton.
2.Cause analysis
PS market quotation: Zhanjiang Sino-US PS ex-factory price, 525 quoted for RMB 10050 yuan/ton. CITIC Guoan PS ex-factory price, 525 offer for RMB 9850 yuan/ton. The market turnover and delivery situation is weak, and the trading atmosphere is cold.
3.Future Market Forecast
PS market trend is weak. 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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