SunSirs: Market was Cautious, China PS Price was Stable
August 07 2023 11:30:48 SunSirs (Selena)
According to the analysis system of the commodity market of SunSirs, the average price of PS at the beginning of this week was 9,166 RMB/ton, and the average price of PS at the weekend was 9,166 RMB/ton. The price is stable and has decreased by 21.09% compared to the same period last year.
Mainstream brand quotation without tax reference: Taiwan Taihua 5250 reports 9,570 RMB/ton, Ningbo Taihua 535N reports 8,600-8,650 RMB/ton, Shanghai SECCO 123P reports 8,750 RMB/ton, Thai Petrochemical 150 reports 8,720 RMB/ton, Guangzhou Petrochemical 525 reports 8,550-8,600 RMB/ton.
International crude oil prices have risen, but the focus of styrene has fallen. The buying mentality is cautious, and the trading volume is limited. Merchants operate according to the market. The mainstream price of GPPS (Polyphenylene sulfide) in East China market is 8,600-9,700 RMB/ton, and the mainstream price of HIPS (polystyrene) is 9,150-9,850 RMB/ton.
PS market transactions are cautious, and it is expected that in the short term, domestic PS (polystyrene) may experience a narrow range of fluctuations.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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