SunSirs: Enquiries Increased, and PS Prices Slightly Increased
April 17 2023 14:04:42 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 9,566 RMB/ton, with a slight increase of 0.53% and a decrease of 9.89% compared to the same period last year.
Analysis review
Most of the domestic PS factory quotations remained stable, with some being high. Mainstream brand price excluding tax reference quotation: Zhenjiang Qimei PG33 quoted 9,670 RMB/ton, Ningbo Taihua 535N quoted 8,880-8,900 RMB/ton, Shanghai SECCO 123P quoted 9,350 RMB/ton, Thai Petrochemical 150 quoted 8,850 RMB/ton, Guangzhou Petrochemical 525 quoted 8,530-8,550 RMB/ton, Hong Kong Petrochemical 1841H quoted 8,370-8,380 RMB/ton.
Market inquiries increased, but actual transactions were average. The market urgently needs positive news support. Focus on downstream transactions. The mainstream price of GPPS (polyphenylene sulfide) in the East China market was between 8,850 and 10,400 RMB/ton, while the mainstream price of HIPS (polystyrene) was between 9,250 and 10,700 RMB/ton.
Market outlook
PS inquiries are increasing, and it is expected that the PS market may experience a narrow range of fluctuations in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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