Trading in PS market is light and buyers are cautious

1、 Price trend

 

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The domestic PS market continued to decline slightly, with a range of 20-50 yuan / ton. The lack of good news on the periphery, combined with the light market inquiry, the majority of the cargo holders reduced their prices, and the focus of bulk cargo negotiation continued to decline, with less transactions. According to statistics, the market in East China received 9200-13600 yuan / ton of benzene and 16000 yuan / ton of modified benzene.

 

2、 Market analysis

 

The ex factory price of Zhanjiang Sino US PS is 9700 yuan / T. The ex factory price of CITIC Guoan PS is 9200 yuan / T. The market high level shipment is not smooth, some may still have the price reduction shipment. But some brands have been hung upside down.

 

3、 Future forecast

 

Short term PS market or continue to weaken. Raw material styrene weakness, coupled with the market high-level shipping is not smooth, some still have the possibility of price reduction shipment. It is estimated that the market in East China will receive 9100-13500 yuan / ton of benzene.

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