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【PS Daily Review】Inventory continues to accumulate, and it is expected that the PS market prices will not increase significantly.
Longzhong 2025-03-28 17:30:17

1 Today's Summary

① Today, GPPS in East China stabilized at 8,400 yuan/ton, in line with early expectations.

②、 On Friday, the styrene market in East China rose by 90 to close at 8,085 yuan/ton, in South China it increased by 60 to 8,185 yuan/ton, and in Shandong it went up by 45 to 8,035 yuan/ton.

2 Spot Overview

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

 

Market

Specifications

Today's price

Rise and fall value

price change percentage

Ningbo

East China GPPS - Lv'an Qingfeng

8400

0

0%

Yuyao

East China HIPS - Saiblong

9700

0

0%

Shantou

South China GPPS - Renxin

8150

0

0%

Shantou

South China HIPS-Xinghui

9130

0

0%

According to Longzhong Information statistics, today's GPPS in East China remained stable at 8,400 yuan/ton.Raw Material The styrene market is experiencing a price increase. Both raw materials and the main market are seeing a rise in buying activity, pushing styrene prices up. Market players follow the market trends Supported by the上涨 in raw material prices, the PS market remains largely stable with some occasional price increases. (Note: There seems to be a missing character or word in the original Chinese sentence, specifically "上涨" which means "increase" or "rise", making the sentence incomplete. However, I have translated it based on the context provided.)

Figure 1 Domestic PS Price Trend Chart (RMB/ton) for 2023-2025

Figure 2 Price trend of domestic styrene from 2023 to 2025 (yuan/ton)

PS日评:出厂价下调引导 市场降价出货(20250325) PS日评:出厂价下调引导 市场降价出货(20250325)

Data source: Longzhong Information

Data Source: Longzhong Information

3 Production Dynamics

Table 2 Latest Updates on China's PS Production Facilities (Unit: 10,000 Tons/Year)

 

 

data

annual production capacity

Latest Updates

Green Safe Peak

12

3 Starting from the 1st, it will be restarted.

Shandong Lanhua

10

3 Restart on April 4th

Guangxi Changke

10

3 Product released on the 15th of the month

Heze Emperor

10

3 Restart on the 18th

Anqing certain device

10

Market hears that the restart will be on March 18th.

4 Price prediction

Domestic styrene monomer main market consolidated and closed higherIn the spot market, there is a game of buying and selling sentiment, with some areas showing a rise in price and a decrease in volume. Throughout the day, the mainstream market has more gains than losses.Boosted by rising raw material costs, the PS market remains generally stable with sporadic minor price increases.However, the overall recovery in downstream sectors has fallen short of expectations, and inventory continues to accumulate.The PS market price is expected to see limited increases in the future. The East China market for transparent modified benzene is projected to be around 8450-10300 yuan/ton.

5 Data Calendar

Table 3 Overview of Domestic PS Data (Unit: Million Tons)

Data

Release Date

Last period's data

This Period Trend Forecast

PS Capacity utilization rate

Thursday 14:00 PM

68.8%

PS Enterprise Inventory

Thursday 4:00 PM

12.7

Note:

1 Consider ↑↓ as significant fluctuations, highlighting data dimensions with price changes exceeding 3%.

2 Consider ↗↘ as narrow fluctuations, highlighting data with price changes within 0-3%.

 

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