[ps daily review] market fluctuates within a narrow range, boost in transactions is moderate

1 Today's Summary

①. Today, the GPPS in East China is steadily priced at 7,800 RMB/ton.

②、 On Wednesday, the East China styrene market rose by 45 to close at 7,345 yuan/ton, South China rose by 30 to close at 7,415 yuan/ton, and Shandong rose by 50 to close at 7,175 yuan/ton.

2 Spot Overview

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

According to Longzhong Information statistics, today's East China GPPS remained stable at 7800 yuan/ton.The price of raw material styrene rose in the afternoon, leading to a slight increase in the prices of certain grades, with overall fluctuations being minimal. Industry production is recovering from low levels, while downstream demand has not shown significant improvement, resulting in average transaction increases.

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

3 Production Dynamics

Table 2 Latest Developments of PS Production Units in China (Unit: 10,000 tons/year)

4 Price Prediction

The raw material styrene is stabilizing and fluctuating, with the risk of further cost decline temporarily reduced. Industry production is recovering from low levels, and downstream just-in-time procurement is average. In the short term, the PS market may remain stable, with slight local increases. It is expected that the East China market for transparent modified benzene will be around 7800-8700 yuan/ton.

5 Data Calendar

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