SunSirs: Insufficient Confidence, China PS Price Drops
October 16 2023 13:10:14 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 9,933 RMB/ton, and the average price of PS at the weekend was 9,700 RMB/ton, with a price increase of 2.35% and a decrease of 5.83% compared to the same period last year.
The PS market continues to decline, with insufficient confidence among merchants. The mainstream brand names do not include tax. For reference, Zhenjiang Qimei PG33 is quoted at 9,500 RMB/ton, Ningbo Taihua 535N is quoted at 9,490 RMB/ton, Shanghai SECCO 123P is quoted at 9,380 RMB/ton, Thai Petrochemical 150 is quoted at 9,200 RMB/ton, Guangzhou Petrochemical 525 is quoted at 9,100 RMB/ton, and Hong Kong Petrochemical 1841H is quoted at 11,000 RMB/ton for shortage of goods.
Crude oil fluctuates in both directions, while petrochemical manufacturers adjust or settle at a lower level. Merchants lack confidence and are cautious and cautious. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is between 8,970 and 11,000 RMB/ton, while the mainstream price of HIPS (polystyrene) is between 9,600 and 11,100 RMB/ton.
The PS market transactions are average, and industry insiders are mainly wait-and-see. It is expected that in the short term, the domestic PS (polystyrene) price may fluctuate in a narrow range.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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