According to the commodity market analysis system of SunSirs, the average PS quotation at the beginning of this week was 9,766 RMB/ton, and the average PS price over the weekend was 9,700 RMB/ton, a decrease of 0.68% and an increase of 2.83% 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 10,030-10,040 RMB/ton, Ningbo Taihua 535N quoted 9,850 RMB/ton, Shanghai Secco 123P quoted 9,250 RMB/ton, Thai Petrochemical 150 quoted 9,430 RMB/ton, Guangzhou Petrochemical 525 quoted 8,950 RMB/ton, Hong Kong Petrochemical 1841H quoted 10,000 RMB/ton for shortage of goods.

There is some support in terms of cost, PS petrochemical manufacturers stabilize prices, buyers are cautious according to demand, merchants operate according to the market, and the market remains mainly wait-and-see, with transactions falling short of expectations. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is 9,250-11,000 RMB/ton, and the mainstream price of HIPS (polystyrene) is 9,680-11,250 RMB/ton.

Cost support is average, and market transactions are weak. It is expected that the short-term PS market may experience a volatile trend after pulling up.

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