SunSirs: China PS Market is Good, Price Goes Up
May 25 2021 13:41:30 SunSirs (Selena)
According to the monitoring data of SunSirs, the average price of PS (GPPS525) was 10,733 RMB/ ton at the beginning of last week, and 10,800 RMB/ ton at the end of last week, with an increase of 0.62% and 37.78% compared with the same period last year.
The upstream styrene was weakened by shock. In addition, after the May Day festival, ordinary benzene accumulated a certain profit, and the market allowed profits to ship, so the focus of negotiation was lower. Styrene stopped falling and rebounded. There was not much supply of ordinary transparent benzene, which led to a large increase. The price change of modified benzene and high-end materials was limited, and the local trading was slightly better. However, the buying resistance to the high, commodity futures fell, PS prices softened.
At present, in Yuyao market, the price of benzene is 11,150-12,700 RMB/ ton, and the price of benzene is 13,550-14,850 RMB/ ton. The high cost of PS, the high restocking rate of merchants and the low operating rate in the year have certain support for the price.
The terminal insists that it just needs to take the goods, and some bulk goods are delivered at a profit. It is expected that China PS market will be consolidated at a high level this week.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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