The market is weak and PS price is temporarily stable

1、 Price trend



According to the monitoring data of the business community, the average price of PS ordinary materials at the beginning of this week was 10466 yuan/ton, and the average price of PS ordinary materials at the weekend was 10466 yuan/ton, which was stable.


2、 Market analysis


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: 10200 yuan/ton for Dushanzi 500; CITIC 525 is out of stock, Saibaolong 525 is reported as 10050 yuan/ton, Shanghai SECCO 123P is reported as 10350-10450 yuan/ton, Zhenjiang Qimei PG33 is reported as 11100 yuan/ton, Huajin 825 is reported as 10650-10700 yuan/ton; Ningbo Taihua 535N quoted 11000 yuan/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 9850-11100 yuan/ton, and the mainstream price of HIPS (polystyrene) is 10600-11600 yuan/ton.


3、 Future market forecast


At present, the PS downstream transaction is sluggish, and it is expected that the short-term domestic PS (polystyrene) market is narrow and soft.