SunSirs--China Commodity Data Group

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Commodity News

SunSirs: The Buying Situation Was General, and the Price of PS Fell

March 01 2023 14:21:08     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the average price of PS at the beginning of February was 9,733 RMB/ton, and the average price of PS at the end of the month was 9,433 RMB/ton, down 3.08%, and down 8.71% compared with the same period of the year.

Analysis review

Reference for quotation of mainstream brands excluding tax: Zhenjiang Qimei PG33 quoted 9,800-10,000 RMB/ton, Taiwan Taihua 5250 quoted 9,100-9,150 RMB/ton, Ningbo Taihua 535N quoted 8,800 RMB/ton, Shanghai SECCO 123P quoted 9,200 RMB/ton, Thai Petrochemical 150 quoted 9,560 RMB/ton, Guangzhou Petrochemical 525 quoted 8,400 RMB/ton.

Small and medium-sized downstream buyers purchased just in needed, the inquiry atmosphere was general, the merchants made a small profit-cutting to ship. The reference price of Guangzhou Petrochemical 525 in the South China market was around 8,400 RMB/ton (excluding tax). The opening price of styrene fell. The downstream demand did not improve significantly, and the focus of the negotiation weakened slightly.

Market outlook

In February, the PS market lacked the support of good news, and it is expected that the PS price will be mainly in a weaker trend.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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