[PS Daily Review] Insufficient Cost Support Leads to Low-Level Market Sales

1 Today's Summary

①. Today, the GPPS in East China is steadily priced at 6,900 RMB/ton.

② 、 On Friday, the East China styrene market dropped by 40 to close at 6,495 yuan/ton, South China dropped by 85 to close at 6,510 yuan/ton, and Shandong remained stable at 6,425 yuan/ton.

2 Spot Overview

According to Longzhong Information, today the GPPS in East China is stable at 6,900 yuan/ton.Raw material styrene is consolidating at a low level, with weak support from the cost side, and the market mainly focuses on low-level sales. Supply of goods is relatively ample, putting some pressure on the spot market, while downstream players are mainly observing, leading to unsatisfactory transactions.

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

3 Production Dynamics

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

4 Price Prediction

The trend of raw material styrene is weak, and the cost center is also relatively low. The industry's supply is relatively ample, and downstream purchasing pace has slowed down. In the short term, the PS market is expected to remain weak within a narrow range. It is estimated that the price of modified benzene in the East China market will be between 6900-8000 yuan/ton.

5 Data Calendar

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