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SunSirs: Transaction Is Average, PS Price Is Temporarily Stable


According to the analysis system of the commodity market of SunSirs, the average price of PS at the beginning of this week was 9,516 RMB/ton, and the average price of PS at the weekend was 9,516 RMB/ton. The price is stable, with a decrease of 10.36% compared to the same period last year.

Analysis review

The downstream procurement enthusiasm in the domestic PS market is not good, maintaining just in demand procurement. Mainstream brand quotations: Zhenjiang Qimei PG33 quoted 9,740 RMB/ton, Taiwan Taihua 5250 quoted 9,550-9,600 RMB/ton, Ningbo Taihua 535N quoted 8,900 RMB/ton, Shanghai SECCO 123P quoted 9,350 RMB/ton, Thai Petrochemical 150 quoted 8,900-8,930 RMB/ton, Guangzhou Petrochemical 525 quoted 8,600 RMB/ton, Hong Kong Petrochemical 1841H quoted 8,450 RMB/ton.

  Styrene fluctuates and falls, with a strong cautious wait-and-see sentiment on the market. In addition, the buying follow-up is not good, and low price offers are still available. Some merchants sell at a discount. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is between 8,900 and 10,400 RMB/ton, while the mainstream price of HIPS (polystyrene) is between 9,300 and 10,700 RMB/ton.

  Market outlook

  The PS market has loose supply, coupled with the release of new production capacity. It is expected that the PS market may experience a narrow consolidation trend in the short term.