【PS Daily Review】Styrene Prices at Low Levels with Market Prices Falling

1Today's Summary

① Today, the华东GPPS fell by 50 to close at 8,400 yuan per ton, in line with the morning forecast. Note: "华东" likely refers to "East China" in this context, which might need to be adjusted based on the specific region it represents in the original language.

Diphenylethylene in the East China market dropped by 55 to ¥8,000/ton, in South China dropped by 60 to ¥8,100/ton, while in Shandong it increased by 25 to ¥8,030/ton.

2Spot Overview

Today,华东GPPS fell 50 to close at 8450 yuan/ton.Upstream styrene is consolidating at lower levels, with market participants becoming more cautious. Downstream demand remains moderate, putting pressure on industry supply. merchants are mainly adopting a strategy of lowering prices to sell products.

3Production Dynamics

4Price Forecast

Styrene feedstock is consolidating at lower levels with bearish cost sentiment prevailing. High supply and sales pressure, coupled with weaker-than-expected demand, suggest the near-term outlook will remain bearish.The East China market is expected to operate slightly weakly, with reformulated benzene priced between 8400-10300 yuan/ton.

5Data Calendar