[PS Daily Review] Styrene Rebounds from Low, Market Focuses on Stable Pricing and Sales

1 Today's Summary

Today, the GPPS in East China is steadily priced at 6,850 RMB/ton.

② 、 On Wednesday, the East China styrene market increased by 45 to close at 6,510 yuan/ton, South China increased by 50 to close at 6,510 yuan/ton, and Shandong increased by 45 to close at 6,350 yuan/ton.

2 Spot Overview

According to According to Longzhong Information, today the GPPS in East China is stable at 6,850 yuan/ton.The raw material styrene has slightly rebounded from a low position, with slightly better support on the cost side, leading to an increase in stable pricing operations in the market. The supply of goods is relatively ample, creating some pressure on the spot market, but buying is driven by just-in-need procurement, and some transactions have improved.

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

3 Production Status

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

4 "Price Forecast"

Raw material styrene has stopped falling and is fluctuating, with certain support from costs, but the overall level remains relatively low. The industry supply is relatively ample, and downstream purchasing is driven by just-in-time needs. In the short term, the PS market is likely to focus on low-level sales, with some slight price increases. It is expected that the price of toluene modified styrene in the East China market will be around 6800-7900 yuan/ton.

5 ", Data Calendar"

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