SunSirs: China PS Market is Tight and Price Goes Up
May 18 2021 13:37:33 SunSirs (Selena)
According to the monitoring data of SunSirs, the average price of PS (GPPS 525) was 10,466 RMB/ ton at the beginning of last week, and 10,733 RMB/ ton at the end of last week, with a price increase of 2.55% and 37.02% compared with the same period last year.
The price of PS in China is rising, and the parking and maintenance of common trans benzene in East China are relatively concentrated, so the supply of this part of goods is tight. During the week, the overall rise was more than the fall, the parking and maintenance of PS devices in South China was not much, and the buying acceptance was low, which led to the market seller's less support than that in East China. The overall fluctuation range of benzene and high-end materials is small. In the East China market, the total benzene revenue was 11,000-12,600 RMB/ ton, with the low end up 250 RMB/ ton and the high end up 50 RMB/ ton.
After the festival, the price of ordinary trans benzene is on the rise. If the center of gravity of raw material styrene moves down, the profit will be reduced and the shipment will increase. However, the operating rate of the industry is at a low level in 2021, and the inventory has also declined to a certain extent. The supply pressure is not large as a whole, and the fluctuation space may be limited. In addition, the styrene port inventory or going to the warehouse in the middle and late May is the main. It is estimated that benzene penetration in East China market will be 10,900-12,600 RMB/ ton.
China PS market is expected to be in a narrow range this week.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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