SunSirs: Increased Shipping Pressure, China PS Price Decline

https://www.chemnet.com   Dec 11,2023 SunSirs

　　According to the commodity market analysis system of SunSirs, the average PS quotation at the beginning of this week was 9,666 RMB/ton, and the average PS price over the weekend was 9,600 RMB/ton, a decrease of 0.69% and a decrease of 3.36% compared to the same period last year.

　　The decline in the PS market continues, with mainstream brand prices excluding taxes for reference: Zhenjiang Qimei PG33 priced at 9,420-9,430 RMB/ton, Taiwan Taihua 5250 priced at 9,390-9,400 RMB/ton, Ningbo Taihua 535N priced at 9,020 RMB/ton, Shanghai Secco 123P priced at 9,090 RMB/ton, Thai Petrochemical 150 priced at 9,120 RMB/ton, Guangzhou Petrochemical 525 priced at 8,880-8,900 RMB/ton.

　　The raw material styrene is in a weak downward trend, with a low cost center. In addition, the factory prices have been lowered, which has eased the supply of goods to a certain extent. The pressure on merchants to purchase goods has increased, and small and medium-sized downstream enterprises have a strong demand for procurement. Local price reductions are mainly used to purchase goods. The overall transaction situation is average, and the cost is weak. The industry production has continued to grow slightly, and the supply shortage situation has been somewhat alleviated.

　　The cost of PS is weak, and the market supply is sufficient. It is expected that the domestic price of PS (polystyrene) will mainly fluctuate downward in the short term.

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