[PS Daily Review] Down by 30-100 across the board! With the pressure of industry sales still present, the PS market may shift towards reducing prices to boost sales.
1、Today's Summary
① The GPPS in East China fell by 50 to 8,800 yuan/ton today, in line with the morning expectations.
② On Tuesday, the styrene market in East China dropped by 125 to 8,325 yuan/ton, in South China it fell by 110 to 8,465 yuan/ton, and in Shandong it decreased by 50 to 8,400 yuan/ton.
2、Spot Overview
According to statistics, the GPPS in East China fell by 50 to 8,800 yuan/ton today, in line with the morning expectations. Upstream styrene showed a slight weakness, and the market sentiment was mainly观望 (observation). Industry supply continued to recover, and the pickup speed of downstream factories slightly improved, but the industry still maintained a high inventory level, leading to price reductions for sales.
3、Production Dynamics
4、Price Forecast
The raw material, styrene, continues to decline, weighing on the market due to cost. The recovery speed of small and medium-sized downstream factories is not keeping up with the supply, and the pressure on shipments remains. In the short term, the PS market may turn to reducing prices for sales. It is expected that the transparent modified benzene in the East China market will be between 8,700-10,300 yuan/ton.
5、Data Calendar
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