SunSirs: China PS Market Analysis on October 15
October 16 2020 10:16:20 SunSirs (Selena)
Most of China domestic PS factory prices are temporarily stable, business offers are mainly stable, the market trading atmosphere is cold, and most of them are inquiries.
Market Analysis
China PS market trend is stable. The ex-factory price of Zhanjiang Zhongmei PS 525 is 8,400 RMB/ ton. The ex-factory price of CITIC Guoan PS 525 is 7,950 RMB/ ton.
Market Forecast
China PS market operation is generally stable, downstream buyers demand is not high, in the case of low shipment, adhere to short-term prudent operation. On the other hand, due to some petrochemical factory offers continue to decline, the spot market support is insufficient. It is expected that China PS market will continue to adjust downward.
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