SunSirs: The Manufacturer Stopped PS Quoting and the Price was Stable
January 28 2023 13:29:49 SunSirs (Selena)
According to the monitoring data of SunSirs, the average price of PS common material at the beginning of last week was 9,733 RMB/ton, and the average price of PS common material at the weekend was 9,733 RMB/ton, which was stable.
At present, the PS market is flat, most manufacturers have stopped reporting, and the transaction is light. Reference for quotation of mainstream brands excluding tax: Zhenjiang Qimei PG33 quoted 10,430 RMB/ton, PH88 quoted 10,400 RMB/ton; Taiwan Taihua 5250 reported 9,030-9,100 RMB/ton, and 8250 reported 9,750 RMB/ton; Ningbo Taihua 535N reported 9,080 RMB/ton, 8250 reported 9,680 RMB/ton; Shanghai SECCO 123P reported 9,350 RMB/ton, and 622P reported 10,450 RMB/ton.
In November 2022, China's PS import volume was 76,500 tons, +10.87% month-on-month and - 26.58% year-on-year; From January to November, the cumulative import volume was 820,100 tons, with a year-on-year increase of -24.29%. According to statistics, among the PS imports in November, GPPS imports 45800 tons, -28.1% year-on-year, and HIPS imports 30,700 tons, -24.2% year-on-year.
Trading in the PS market is light, and most manufacturers have stopped quoting. It is expected that the short-term China domestic PS market will be dominated by horizontal consolidation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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