1、 Price trend
According to the monitoring data of the business community, the average price of PS (GPPS 525) was 10866 yuan / ton on March 8 at the beginning of this week, while the average price of PS (GPPS 525) was 10866 yuan / ton on March 12 at the end of this week, which was temporarily stable, up 19.41% compared with the same period last year.
2、 Market analysis
Due to the general rise of bulk commodities, styrene futures and spot rose again, and the price of common materials rose, market inquiries and transactions improved. However, the raw material styrene began to fall sharply on Tuesday. In addition, the ex factory listing and settlement price of Huadong PS were lower than last week’s, and the offer of ordinary materials fell by different ranges. The supply of high-end materials and benzene market is relatively tight, with limited decline. According to the data, on March 11, 2021, the benzene penetration revenue of East China market was 10150-13750 yuan / ton, with the low end down 150 yuan / ton and the high end down 50 yuan / ton.
PS inventory continues to increase, supply pressure still exists, and the price difference between PS raw material and recycled material in northern China is too large, which still affects the replacement demand of PS raw material for recycled material.
3、 Future forecast
The PS market is still in a wait-and-see mood, but the profit margin is lower than last week, and there may be limited room for further correction. It is estimated that benzene penetration in East China market will be 10100-13750 yuan / ton.
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