[PS Daily Review] Cost Support Slightly Weaker, Market Closes Down Slightly

1 Today's Summary

Today, East China GPPS fell by 40 yuan/ton to close at 7,560 yuan/ton.

② 、 On Friday, the price of styrene in the East China market fell by 55 to 7070 yuan/ton, in South China it dropped by 60 to 7125 yuan/ton, and in Shandong it decreased by 10 to 6915 yuan/ton.

2 Spot Overview

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

According to Longzhong Information, today's GPPS price in East China fell by 40 yuan/ton to 7,560 yuan/ton.The raw material styrene experienced slight fluctuations with weakened cost support, leading to an increase in small price reductions for sales in the market. The industry supply is ample, and downstream demand is driven by necessities, resulting in slightly lower actual transaction prices.

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

3 Production Dynamics

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

4 、Price Prediction

Raw material styrene has slightly declined, with a relaxed supply in the industry. Downstream purchasing is driven by low-level demand. In the short term, the PS market may trend slightly weak within a narrow range. It is expected that the toluene market in East China will range from 7500 to 8500 yuan/ton.

5 Data Calendar

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