【PS Daily Review】Inventory continues to accumulate, and it is expected that the PS market prices will not increase significantly.
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) |
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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 higher , In 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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