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SunSirs: Weak Transaction, China PS Price is temporarily Stable
December 19 2022 14:03:17SunSirs(Selena)

According to the monitoring data of SunSirs, the average price of PS ordinary materials at the beginning of this week was 9,933 RMB/ton, and the average price of PS ordinary materials at the weekend was 9,933 RMB/ton, which was stable.

The raw material side was strongly supported, and some merchants slightly raised the shipping price, but the transaction volume was insufficient. The quotation reference of mainstream brands excluding tax: Zhenjiang Chimei PG33 quoted 11,000 RMB/ton, Taiwan Taihua 5250 quoted 9,420-9,450 RMB/ton, Ningbo Taihua 535N quoted 9,400 RMB/ton, Shanghai SECCO 123P quoted 9,400 RMB/ton, Thailand Petrochemical 150 quoted 10,020 RMB/ton, Guangzhou Petrochemical 525 quoted 8,750-8,800 RMB/ton.

The cost support is on the high side, the tight situation of goods in some areas continues, the supply of permeable benzene goods is slightly loose, and the traders tend to be cautious in trading. The mainstream price of GPPS in East China market is 8,900-10,800 RMB/ton, and the mainstream price of HIPS is 10,050-11,200 RMB/ton.

PS market transactions are weak, focusing on market transactions. It is expected that the short-term China domestic PS market will experience strong shocks.

 

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