SunSirs: Rubber and Plastics: PS Deals Turns Better, Price Slight Increases
December 13 2019 16:20:38 SunSirs (Daisy)
1. Price Trend
PS market prices rose steadily. The downstream factories have actively improved their purchases motivations into the market, with limited market transactions and a wait-and-see atmosphere. Price: GPPS mainstream price is 9,150-10,200 RMB/ton. HIPS mainstream price is 9,750-11,300 RMB/ton.
2. Market Analysis
PS market price: Zhanjiang Sino-American PS ex-factory price, 525 quoted at 9,350 RMB/ton. The ex-factory price of CITIC Guoan PS is 525 at 9,500 RMB/ton, and the price of Jiangsu Saibaolong PS is 525 at 9,300 RMB/ton.
3. Market Forecasting
There is still little change in the trading market of the PS market. And petrochemical companies' offers are steady. Most of the traders still follow the condition of market operation. And the downstream factories are not enthusiastic about attracting goods. They continue to purchase on demand. It is expected that the PS market will be stable and small and medium-sized.
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