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

Longzhong 2025-10-17 17:28:13

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)

Data	Annual Production Capacity	Latest News
Shinpo Chemical	21	9 Reduced to 1 line operation on the 13th of the month.
Zhanjiang device	12	9 Increased to double line on the 28th.
Zhenjiang Device	52	9 October 28 - October 16, toluene maintenance
Shantou facility	30	9 Starting from the 29th, all lines will be suspended.
Yastech	12	9 Starting maintenance on the 30th of the month
Huizhou facility	48	10 Starting from the 13th of the month, 5 lines will be in operation.
Zhoushan Device	40	10 Parking maintenance will begin on September 9 and is scheduled to restart at the end of October.
Anqing Facility	10	10 Restart on the 9th of the month.
Guangzhou Petrochemical	6	10 Maintenance from November 15 to December 6
Guangxi Petrochemical	30	The planned production start date is October 26.

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)

Data	Release Date	Previous Data	This period's trend forecast.
PS Capacity utilization rate	Thursday 2:00 PM	53.8%	↘
PS Enterprise Inventory	Thursday 4:00 PM	11.2	↘
Data Source: Longzhong Information Note: 1 Consider fluctuations as significant if the price change exceeds 3%. 2 Considered a narrow fluctuation, highlighting data with a rise and fall range within 0-3%.

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

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