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SunSirs: Plastics, PS Price Falls
January 17 2020 16:45:23SunSirs(Daisy)

PS market trend is generally stable. Before the festival, the downstream purchases on demand, the overall market trading performance is poor. And the pace of delivery has slowed down significantly. Price: the main quotation of GPPS is 9,150-10,300 RMB / ton, and that of hips is 9,950-11,300 RMB / ton.

Zhanjiang Sino-American PS ex-factory price, 525 quoted at 8,900 RMB / ton. The factory price of CITIC Guoan PS is priced at 9,500 RMB / ton at 525, and the price of Jiangsu Saibaolong PS is priced at 9,500 RMB / ton at 525.

PS market has a strong wait-and-see atmosphere, and the overall transaction atmosphere is not ideal. The factory quotation of petrochemical enterprises has been lowered individually, which may form a certain negative guidance for PS quotation of plastic city. PS market trend is expected to be weak forward.

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