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SunSirs: Shipment is Blocked, China PS Price is Weak
November 07 2022 11:07:15SunSirs(Selena)

According to the monitoring data of SunSirs, the average price of PS ordinary materials at the beginning of last week was 10,166 RMB/ ton, and the average price of PS ordinary materials at the weekend was 10,100 RMB/ ton, down 0.66%.

At present, the narrow range of styrene has been explored, but the shipment of merchants has been blocked, and the operation of profit concession has been maintained. The quotation reference of mainstream brands excluding tax: Zhenjiang Chimei PG33 reported 11,000 RMB/ ton, Taiwan Taihua 5250 reported 10,120 RMB/ ton, Ningbo Taihua 535N reported 10,150 RMB/ ton, Shanghai SECCO 123P reported 9,500 RMB/ ton, Thailand Petrochemical 150 reported 10,380 RMB/ ton, Guangzhou Petrochemical 525 reported 9,170-9,200 RMB/ ton.

Crude oil fell, the center of gravity of styrene fell, which depressed the market atmosphere. The procurement rhythm of downstream and middlemen slowed down, and the shipment of merchants was blocked. The mainstream price of GPPS (polyphenylene sulfide) in the East China market was 9,350-10,900 RMB/ ton, and the mainstream price of HIPS (polystyrene) was 10,000-11,600 RMB/ ton.

China PS market is weak and the atmosphere is cold. It is expected that the short-term China domestic PS (polystyrene) market is weak and volatile.

 

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