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SunSirs: Cost Support for China PS Price Increase
February 26 2024 11:24:18SunSirs(Selena)

According to the commodity market analysis system of SunSirs, the average PS quotation at the beginning of last week was 9,633 RMB/ton, and the average PS price over the weekend was 9,650 RMB/ton, with a price increase of 0.17% and a decrease of 2.3% compared to the same period last year.

Reference for mainstream brand prices excluding taxes: Zhenjiang Qimei PG33 quoted 10,150 RMB/ton, Taiwan Taihua 5250 quoted 9,700 RMB/ton, Ningbo Taihua 535N quoted 9,770 RMB/ton, Shanghai Secco 123P quoted 9,350 RMB/ton, Thai Petrochemical 150 quoted 9,400 RMB/ton, Guangzhou Petrochemical 525 quoted 8,840 RMB/ton, Hong Kong Petrochemical 1841H quoted 9,800 RMB/ton.

After the Spring Festival, the high level of raw material styrene has been consolidated, and the cost support is relatively obvious. Due to the shutdown and production reduction of most PS plants during the Spring Festival, the recovery of post holiday plants is slow, and the pressure on spot supply is still acceptable. Some brands have increased, but overall transactions are not significant. Last week, the prices of some ordinary materials slightly increased.

The holiday parking and production reduction devices are concentrated, and the pressure on spot supply after the Spring Festival is controllable. After the market rises, there will be a certain profit taking impact, and it is expected that the short-term PS market will mainly fluctuate after pulling up.


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