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SunSirs: China Domestic PS Market Analysis on August 19

August 21 2020 08:25:22     SunSirs (Selena)

Price: the mainstream quotation of GPPS is 7,650-8,900 RMB/ ton, and that of hips is 8700-9700 RMB/ ton.

Market analysis

The market trend is light and the price is stable temporarily. The downstream continues to purchase on demand, and the overall trading performance of the market is poor.

Market forecast

PS market runs smoothly, the demand of downstream buyers is not high, in the case of low shipment, adhere to short-term cautious operation. On the other hand, due to some petrochemical factory offers continue to decline, the spot market support is insufficient. It is expected that the PS market will continue to adjust downward.

 

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