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[PS Daily Review] Market Price Cuts Lead to Lackluster Sales

Longzhong 2025-09-22 17:47:36

1 Today's Summary

Today, the price of GPPS in East China fell by 30 to 7,500 RMB/ton.

② 、 On Monday, the East China styrene market fell by 60 to close at 6970 yuan/ton, South China fell by 85 to close at 7025 yuan/ton, and Shandong fell by 70 to close at 6755 yuan/ton.

2 Spot Overview

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

According to Longzhong Information, today's East China GPPS fell by 30 to 7,500 yuan/ton.Raw material styrene continues to decline, with insufficient cost support, leading to further price reductions in the market. The industry's high production levels have resulted in relatively ample supply, and downstream market participants are cautious, resulting in average transaction activity.

Figure 1 Domestic PS Price Trend Chart from 2023 to 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 Units (Unit: 10,000 tons/year)

Data	Annual production capacity	Latest News
New Hope Chemical	21	9 Reduced to 1 line operation on the 13th of the month.
Huizhou Plant	48	9 The operation will change to 4 through 1 modified line on the 16th of the month.
Zhanjiang plant	12	9 Reduced to 1 operation from the 21st to the 28th of the month.
Shantou facility	30	9 Reduced to 1 from the 22nd of the month for operation
Zhenjiang Device	52	Scheduled maintenance for Toluene from September 28 to October 16.
Guangzhou Petrochemical	6	Scheduled maintenance from October 15 to December 6.

4 Price Forecast

The raw material styrene continues to decline, weakening cost orientation. The industry supply is relatively loose, and downstream low-level demand-based procurement persists. In the short term, the PS market may undergo weak adjustments. It is expected that the East China market for transparent modified styrene will be around 7450-8400 yuan/ton.

5 Data Calendar

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

Data	Publication Date	Previous Data	The trend for this period is expected
PS Capacity utilization rate	Thursday 2:00 PM	61.2%	↘
PS Enterprise Inventory	Thursday 4:00 PM	9	↘
Source: Longzhong Information Note: 1 Consider large fluctuations as significant changes, highlighting data dimensions with a rise or fall exceeding 3%. 2 Considered as narrow fluctuations, highlighting data with changes within the range of 0-3%.

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[PS Daily Review] Market Price Cuts Lead to Lackluster Sales

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