[PS Daily Review] Raw Materials Fluctuate Weakly, Market Lowers Prices to Sell

1 Today's Summary

Today, the price of GPPS in East China decreased by 50 to 7,200 RMB/ton.

② 、 On Friday, the East China styrene market fell by 15 to close at 6775 yuan/ton, South China fell by 30 to close at 6805 yuan/ton, and Shandong stabilized at 6685 yuan/ton.

2 Spot Overview

According to Longzhong Information, today the GPPS in East China fell by 50 to 7200 yuan/ton.The raw material styrene is experiencing weak fluctuations, with inadequate support from the cost side. Additionally, the reduction in ex-factory prices is affecting the market, leading to continued price cuts for sales. The supply of goods is relatively ample, and downstream demand is mainly cautious, focusing on price reductions for sales, resulting in overall average transactions.

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

3 Production Dynamics

Table 2 Latest Developments in China's PS Production Facilities (Unit: 10,000 tons/year)

4 Price Prediction

Raw material styrene is weakly consolidated, with general cost support. The industry supply is relatively ample, and downstream purchasing pace is slowing. The short-term PS market may show a narrow range of weakness. The East China market for reformulated benzene is expected to be 7200-8300 yuan/ton.

5 Data Calendar

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