[PS Daily Review] Weakened Cost Support, Market Focuses on Price Reduction and Sales

1 Today's Summary

Today, the price of GPPS in East China dropped by 50 to 7,700 RMB/ton.

② On Wednesday, the East China styrene market fell by 85 to close at 7,240 yuan/ton, South China fell by 60 to close at 7,320 yuan/ton, and Shandong fell by 70 to close at 7,175 yuan/ton.

2 Spot Overview

According to Longzhong Information, today's East China GPPS dropped by 50 to 7,700 yuan/ton.The decline in raw material styrene affects cost support, leading merchants to slightly lower prices to sell. Industry supply is increasing, downstream purchasing intentions are sluggish, and transaction situations are not ideal.

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

3 Production Dynamics

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

4 Price Prediction

The price of raw material styrene continues to decline, weakening cost support. Industry production is recovering, and downstream purchasing enthusiasm is decreasing. In the short term, the PS market may continue to focus on selling at lower prices. It is estimated that the price of transparent and modified polystyrene in the East China market will be around 7,650-8,600 yuan/ton.

5 Data Calendar

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