SunSirs: The Market is Weak and China PS price is temporarily stable
September 20 2022 10:02:17 SunSirs (Selena)
According to the monitoring data of SunSirs, the average price of PS ordinary materials at the beginning of last week was 10,466 RMB/ ton, and the average price of PS ordinary materials at the end of last week was 10,466 RMB/ ton, which was stable.
At present, the PS (polystyrene) market trend is weak, the trading atmosphere is weak, the shipping rhythm of merchants is slowing down, and the focus of negotiation is weakening slightly. Quotation reference of mainstream brands: 10,200 RMB/ ton for Dushanzi 500; CITIC 525 is out of stock, Saibaolong 525 is reported as 10,050 RMB/ ton, Shanghai SECCO 123P is reported as 10,350-10,450 RMB/ ton, Zhenjiang Qimei PG33 is reported as 11,100 RMB/ ton, Huajin 825 is reported as 10,650-10,700 RMB/ ton; Ningbo Taihua 535N quoted 11,000 RMB/ ton, and the above prices are all tax inclusive prices, which are subject to firm negotiation.
The upstream styrene continued to decline, the downstream purchasing enthusiasm was low, coupled with the impact of low price offer, and the business confidence was insufficient, or gave way to profits. The mainstream price of GPPS (polyphenylene sulfide) in East China market is 9,850-11,100 RMB/ ton, and the mainstream price of HIPS (polystyrene) is 10,600-11,600 RMB/ ton.
At present, the PS downstream transaction is sluggish, and it is expected that the short-term China domestic PS (polystyrene) market is narrow and soft.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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