SunSirs: Supply is Tight, China PS Prices are Rising
September 19 2023 10:09:03 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 9,566 RMB/ton, and the average price of PS at the weekend was 9,700 RMB/ton, with a price increase of 1.39% and a decrease of 7.32% compared to the same period last year.
Mainstream brand quotation without tax reference: Zhenjiang Qimei PG33 quoted 9,900 RMB/ton, Ningbo Taihua 535N quoted 10,000 RMB/ton, Shanghai SECCO 123P quoted 9,650 RMB/ton, Thai Petrochemical 150 quoted 9,450-9,500 RMB/ton, Guangzhou Petrochemical 525 quoted 9,450-9,500 RMB/ton, and Hong Kong Petrochemical 1841H had a shortage of goods.
The domestic PS market is on the rise, with an increase of 20-200 RMB/ton. Crude oil is on the rise, and the impact of styrene is on the rise. Coupled with the wait-and-see atmosphere in the theater, terminal follow-up is weak, merchants operate cautiously, and cost support is strong. The industry's production reduction has led to a tight supply of goods in the market, and merchants are attempting to increase their light warehouses.
The cost of PS is supported, and transactions are improving. It is expected that in the short term, the domestic PS (polystyrene) market price will mainly fluctuate and tend to be strong.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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