One week trend analysis of the hottest PS market i

2022-08-09
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Recent trend analysis of PS market in one week

overview of Asian market

the trend of price decline in the past few weeks has slowed down due to the stability of styrene monomer prices. Transactions in China's major markets are still limited, and there is no major change in demand. The price of benzene in China's domestic market is between yuan/ton (ex works). Trading is limited, but market participants expect prices to become clearer in mid May. The spot price of benzene in Hong Kong market is hovering at the price of USD/ton (CFR). Traders believe that the current trend of price stability will not last long, because consumer demand is still weak. Some traders offered the spot price of benzene penetration of US $610/ton (CFR Hong Kong) to end users. Consumers are delaying purchases due to the unfavorable trade environment in the coming weeks. The price of modified benzene is stable at 650 US dollars/ton (CFR Hong Kong/South China). In Southeast Asia, the main price of benzene is USD/ton (CFR Southeast Asia). The transaction price of benzene was maintained at USD/ton (CFR Southeast Asia)

domestic market overview

affected by the resumption of buyers' willingness to purchase, the prices of major PS markets in China basically stopped falling and stabilized last week, and the market trading volume also increased slightly. On weekends, the main price of GPPS is about yuan/ton, and that of hips is about yuan/ton, which is basically the same as that of the previous weekend. Market participants have different views on the increase in buying. Some believe that the increase in buying is the performance of the second effective demand recovery and market confidence enhancement when the market sample returns to the starting position, while others believe that the increase in buying is mainly due to the buyers' efforts to replenish the necessary inventory, and the effective demand and market confidence still need to be restored. SARS epidemic is still an important factor that puzzles the market. Many market traders are still cautious because they are uncertain about the influence and development of SARS. In addition, although most PS manufacturers insist that they bear high costs and have no room to reduce PS prices, the price difference between PS and sm of more than 1200 yuan/ton will still cause downward pressure on the PS market. Last week, the decline of PS spot price in Hong Kong market was significantly reduced. At the weekend, traders quoted about USD/ton (CIF Hong Kong) for GPPS and USD/ton (CIF Hong Kong) for hips. Pearl River Delta market: on weekends, the main price of GPPS is about yuan/ton, and that of hips is about yuan/ton. Among the GPPS and hips prices of first-class enterprises, the quotation of Qimei pg33 is 7300 yuan/ton, and ph88h is about 7700 yuan/ton; The quotation of Yangba 158k is about 6500 yuan/ton, and 476l is about 7500 yuan/ton; The quotation of Chevron 3100 is about 6500 yuan/ton, and 6025 is about 7600 yuan/ton. Yuyao Ningbo market: last week, GPPS generally continued to decline at the beginning of the week, but on the weekend 2 The poor quality of jaws rebounded slightly, while the general hips price fell slightly due to centralized delivery. On weekends, the main price of GPPS is about yuan/ton, and that of hips is yuan/ton. In GPPS and hips of first-class enterprises, the quotation of Qimei pg33 is between yuan/ton, ph88h ranges from yuan/ton, and the quotation of Yangba 158k is 6600 yuan/ton to reduce power noise, 476l is about 7500 yuan/ton; The quotation of Chevron 3100 is about 6600 yuan/ton, and 6025 is about 7600 yuan/ton

outlook

it is understood that SARS has damaged the domestic PS downstream industry, so it is estimated that effective demand will not turn around in the short term; Moreover, the large price difference between PS and Sm, the incomplete release of manufacturer's inventory and the increase of manufacturer's operating rate all make the market face downward pressure. However, considering that buyers' replenishment of inventory may continue in these two weeks, it is estimated that the domestic PS market price will remain stable in the near future

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