Market transaction is light, PS price falls

1、 Price trend

According to the monitoring data of the Business News Agency, the average price of PS common material at the beginning of this week was 9600 yuan/ton, and the average price of PS common material at the weekend was 9366 yuan/ton, with a decrease of 2.43%.

2、 Market analysis

At present, the PS market price is lower. Merchant shipments are not smooth.

At present, styrene is rising, boosting the market atmosphere to a certain extent. Downstream procurement is not in good spirits, the supply of goods is slow to digest, and business confidence is still insufficient. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is 8850-10600 yuan/ton, and the mainstream price of HIPS (polystyrene) is 9650-10650 yuan/ton.

3、 Aftermarket forecast

PS market transactions are light, and some manufacturers’ quotations are weak. It is expected that the domestic PS (polystyrene) market will fluctuate in a narrow range in the short term.