1、 Price trend
PS market generally fell, with a range of 200-1250 yuan / ton. In the East China market, the price of benzene permeation was 9700-14100 yuan / ton, with a decrease of 300 yuan / ton in the low-end market and 400 yuan / ton in the high-end market. Styrene in East China rose 115 yuan / ton to 8240 yuan / ton on a month on month basis. Affected by the mood of “buying up but not buying down”, the small and medium-sized downstream insisted on just in demand purchasing, and the market buying was weak.
2、 Market analysis
Zhanjiang Sino US PS ex factory price, 525 quotation is 10100 yuan / T. The ex factory price of CITIC Guoan PS is 10300 yuan / T. Upstream styrene rise after the impact of fall, PS bulk cargo negotiation center of gravity again down, East China agent offer high.
3、 Future forecast
Short term PS market or continue to weak trend, the trend is affected by profit taking operation. Although PS operating rate decreased, due to slow delivery, PS inventory pressure increased. The short-term market is still affected by the price reduction of the profit plate, and the price may be adjusted again. It is estimated that the benzene permeation rate in East China market will be 9500-14000 yuan / ton.
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