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[PS Daily Review] The market is generally stable with some minor declines, and transactions at lower levels are slightly better.

Longzhong 2025-03-24 17:08:14

1today's summary

①、Today, the GPPS in East China stabilized at 8500 yuan/ton, in line with the morning expectations.

②, On Monday, the styrene market in East China stabilized at 8055 yuan/ton, South China fell by 5 to 8160 yuan/ton, and Shandong fell by 100 to 8005 yuan/ton.

2spot overview

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

According to Longzhong Information, today's East China GPPS is steadily at 8500 yuan/ton, in line with early expectations.Upstream styrene prices have stopped falling and fluctuated upward, boosting the market and reducing some of the观望情绪. There is a certain level of pressure on industry supply, with the market mainly focusing on selling at lower positions, and transactions at lower levels are slightly better. Note: The term "观望情绪" was not directly translated as it may require context for an accurate translation. If you provide a specific term or context for "观望情绪," I can refine the translation. For now, I've left it in its original form.

3production dynamics

Table 2 Latest Developments of PS Production Facilities in China (Unit: Ten Thousand Tons/Year)

4price prediction

Raw material styrene rebounded slightly after bottoming out, and the cost negative factors have somewhat eased. However, considering the high supply and shipment pressure, demand is lower than expected, and in the short term, the PS market may see low-price shipments with limited price fluctuations. It is estimated that the transparent modified benzene in the East China market will be around 8500-10300 yuan/ton.

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[PS Daily Review] The market is generally stable with some minor declines, and transactions at lower levels are slightly better.

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