According to the monitoring data of SunSirs, the average price of PS (GPPS 525) was 10,733 RMB/ ton at the beginning of last week, and 10,700 RMB/ ton at the end of last week, with a price increase of 0.31% and 35.44% compared with the same period last year.
In the domestic PS market, the benzene penetration was high and the benzene was soft, with a range of 50-300 RMB/ ton. PS factory price down, as well as the impact of power rationing in South China, businesses are more willing to reduce prices and ship. The queuing time of ordinary benzene delivery is about one week, and the pressure of benzene delivery is slightly higher. The terminal just needs to purchase, the raw material styrene rebounded at the beginning of the week, the merchants exchanged the price for the quantity, and the low delivery situation improved.
In East China market, the total benzene revenue was 10,950-12,450 RMB/ ton, the low end was stable on a month on month basis, and the high end was stable on a month on month basis. In Yuyao market, the price of benzene was 11,000-12,450 RMB/ ton, and the price of benzene was 13,000-14,450 RMB/ ton.
The port inventory of raw material styrene may accumulate, the market may be slightly weak, and China PS market may be weak this week.
