①、Today, the GPPS in East China fell by 50 to 8,500 yuan/ton, in line with early expectations.

②, On Thursday, the styrene market in East China rose by 50 to 8150 yuan/ton, in South China it rose by 30 to 8225 yuan/ton, and in Shandong it rose by 10 to 8090 yuan/ton.

2spot overview

Table 1 Domestic PS Price Summary (Unit: Yuan/Ton)

According to Longzhong Information, today's East China GPPS fell by 50 to 8500 yuan/ton, in line with early expectations.Upstream styrene is weakly adjusted, the cost-driven effect has weakened, and the market sentiment is more cautious. The industry supply is under certain pressure, with the main focus on reducing prices to sell, and the trading atmosphere is average.

3production dynamics

Table 2 Latest Developments of PS Production Facilities in China (Unit: Ten Thousand Tons/Year)

4price prediction

Raw material styrene is in a weak consolidation, with cost support hard to improve. Under the influence of high supply and shipping pressure, and demand falling short of expectations, the PS market may trend weaker in the short term. It is expected that the transparent modified benzene in the East China market will be 8500-10300 yuan/ton.