SunSirs: Transaction Is Average, PS Price Is Temporarily Stable
April 07 2023 14:01:20 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, the average price of PS at the beginning of this week was 9,516 RMB/ton, and the average price of PS at the weekend was 9,516 RMB/ton. The price is stable, with a decrease of 10.36% compared to the same period last year.
Analysis review
The downstream procurement enthusiasm in the domestic PS market is not good, maintaining just in demand procurement. Mainstream brand quotations: Zhenjiang Qimei PG33 quoted 9,740 RMB/ton, Taiwan Taihua 5250 quoted 9,550-9,600 RMB/ton, Ningbo Taihua 535N quoted 8,900 RMB/ton, Shanghai SECCO 123P quoted 9,350 RMB/ton, Thai Petrochemical 150 quoted 8,900-8,930 RMB/ton, Guangzhou Petrochemical 525 quoted 8,600 RMB/ton, Hong Kong Petrochemical 1841H quoted 8,450 RMB/ton.
Styrene fluctuates and falls, with a strong cautious wait-and-see sentiment on the market. In addition, the buying follow-up is not good, and low price offers are still available. Some merchants sell at a discount. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is between 8,900 and 10,400 RMB/ton, while the mainstream price of HIPS (polystyrene) is between 9,300 and 10,700 RMB/ton.
Market outlook
The PS market has loose supply, coupled with the release of new production capacity. It is expected that the PS market may experience a narrow consolidation trend in the short term.
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