SunSirs: No Favorable Market Supports, China PS Price is Stable
December 14 2022 13:52:57 SunSirs (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 noodles continued to rise, but the market was limited, and most businesses sold at a profit. The quotation reference of mainstream brands excluding tax: Zhenjiang Chimei PG33 quoted 10,970 RMB/ton, Taiwan Taihua 5250 quoted 9,490 RMB/ton, Ningbo Taihua 535N quoted 9,130 RMB/ton, Shanghai SECCO 123P quoted 9,300 RMB/ton, Thailand Petrochemical 150 quoted 10,030 RMB/ton, Guangzhou Petrochemical 525 quoted 8,500-8,550 RMB/ton.
The support for raw materials is relatively strong, and the downstream demand is difficult to improve. In addition, many devices have maintained normal production recently, and some materials are relatively abundant, so the market mentality is not optimistic. The mainstream price of GPPS in East China market is 8,750-11,000 RMB/ton, and the mainstream price of HIPS is 9,850-11,300 RMB/ton.
PS market is not supported by good news, and transaction slows down. It is expected that China domestic PS market will be weak and volatile this week.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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