1、 Price trend

According to the analysis system of the commodity market of Shengyishe, the average PS quotation at the beginning of this week was 10066 yuan/ton, and the average PS price over the weekend was 10100 yuan/ton, with a price increase of 0.33% and a year-on-year increase of 6.31%.

2、 Market analysis

Due to strong cost support, there is great pressure to ship at high prices, leading to a weakening of styrene futures. Coupled with the wait-and-see atmosphere in the theater, businesses operate according to market trends, resulting in tight market supply. The mainstream price of GPPS (polyphenylene sulfide) in the East China market is between 10000-11400 yuan/ton, and the mainstream price of HIPS (polystyrene) is between 10600-11600 yuan/ton.

3、 Future Market Forecast

The merchant’s quotation is firm, coupled with tight market supply, and it is expected that the short-term PS price may be mainly volatile and strong.