[PS Daily Review] Cost Support Is Moderate, Market Mainly Stable Amid Weakness

1 Today's Summary

Today, the GPPS price in East China remains steady at 7,600 yuan per ton.

② On Tuesday, styrene prices in the East China market fell by 20 to close at 7,095 yuan/ton, in the South China market fell by 25 to close at 7,155 yuan/ton, and in Shandong remained stable at 6,910 yuan/ton.

2 Spot Overview

Table 1 Summary of Domestic PS Prices (Unit: RMB/ton)

According to Longzhong Information, East China GPPS was steadily quoted at 7,600 yuan/ton today.The raw material styrene rebounded and then fluctuated. Due to a lack of further positive news, some grades saw a slight price reduction with increased shipment activity. Industry production has somewhat recovered, downstream inquiry sentiment is average, and purchases are mainly driven by rigid demand.

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

3 Production Trends

Table 2 Latest Developments of PS Production Facilities in China (Unit: 10,000 tons/year)

4 Price Prediction

The price of raw material styrene has fluctuated after rising, and the cost direction is unclear. With the industry's production recovering and downstream low-level just-needed procurement, the short-term PS market may consolidate within a narrow range. It is expected that the price of GPPS 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)