[PS Daily Review] Cost-Side Benefits Lead to Partial Trading Halt After Market Rise

1 Today's Summary

①. Today, the price of GPPS in East China rose by 20 to 7,600 yuan/ton.

② On Friday, styrene prices in the East China market rose by 90 to close at 7,125 yuan/ton, in South China rose by 60 to close at 7,175 yuan/ton, while in Shandong they fell by 10 to close at 6,955 yuan/ton.

2 Spot Overview

According to Longzhong Information, East China's GPPS increased by 20 to 7,600 yuan/ton today. The raw material styrene rebounded from a low level, providing some support on the cost side. After a slight market increase, some transactions were put on hold for observation, and the market inquiry atmosphere improved.

Figure 1: Domestic PS Price Trend Chart for 2023-2025 (Yuan/Ton)	Figure 2: Domestic Styrene Price Trend Chart for 2023-2025 (CNY/ton)
Data Source: Longzhong Information	Data source: Longzhong Information

3 Production Dynamics

4 Price prediction

The raw material styrene is fluctuating and rising, with slightly better cost support. Industry production is recovering, and downstream low-level just-in-time purchasing is taking place. In the short term, the PS market may see a slight increase. It is expected that the price of general-purpose and modified polystyrene in the East China market will be around 7,600-8,500 yuan/ton.

5 Data Calendar

Table 3 Overview of Domestic PS Data (Unit: 10,000 tons)