According to the monitoring data of SunSirs, the average price of PS ordinary materials at the beginning of last week was 10,933 RMB/ ton, and the average price of PS ordinary materials at the weekend was 10,933 RMB/ ton. The price was stable, up 35.54% compared with the same period of last year.
The domestic PS market is stable, the cost of goods held by merchants is high, some goods are tight, and the price of brands rises slightly. However, the market inquiry was not as good as last week, and the merchants actively sold in advance and also delivered goods at a profit. Small and medium-sized downstream just need to purchase, the trading is not warm, and it is difficult to deal in large quantities.
Tianjin rentai restarted, CITIC Guoan increased production, and benzene penetration may continue to increase to alleviate the tight supply situation; Ningbo Ineos benzene collar stopped for maintenance, and the supply of benzene was expected to narrow. In the East China market, the price of benzene was 10,700-11,600 RMB/ ton, the low-end fell 50 RMB/ ton month on month, and the high-end fell 50 RMB/ ton month on month.
The downstream demand of PS has improved to some extent, and the overall situation has little room for improvement. It is expected that China PS market will be weak in a narrow range in the short term.
