SunSirs: Cost Support, China PS Price was Rising
September 11 2023 10:40:37 SunSirs (Selena)
According to the analysis system of the commodity market of SunSirs, the average price of PS at the beginning of last week was 9,466 RMB/ton, and the average price of PS at the weekend was 9,533 RMB/ton, with a price increase of 0.70% and a decrease of 8.92% compared to the same period last year.
PS (Polystyrene) cost support, mainstream brand name excluding tax quotation reference: Ningbo Taihua 535N reported 9,490-9,500 RMB/ton, Shanghai SECCO 123P reported 9,280 RMB/ton, Thai Petrochemical 150 reported 9,180-9,200 RMB/ton, Guangzhou Petrochemical 525 reported 9,220-9,250 RMB/ton.
The cost support is obvious, and PS (polystyrene) petrochemical manufacturers have adjusted their prices, causing the market focus to rise. Buying at high prices has led to resistance, resulting in a situation where there is a price without a market. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is between 9,600 and 11,000 RMB/ton, while the mainstream price of HIPS (polystyrene) is between 10,000 and 11,100 RMB/ton.
PS cost support, it is expected that China domestic PS (polystyrene) market price may mainly show a slight upward trend in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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