1、 Price trend
According to the monitoring data of business news agency, the average price of PS (GPPS 525) was 10733 yuan / ton at the beginning of this week, and 10700 yuan / ton at the end of this week, with an increase of 0.31% and 35.44% compared with the same period last year.
2、 Market analysis
Domestic PS market through benzene high consolidation, benzene soft mainly, the range of 50-300 yuan / 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 10950-12450 yuan / ton, the low end was stable on a month on month basis, and the high end was stable on a month on month basis. Yuyao market receives 11000-12450 yuan per ton of benzene and 13000-14450 yuan per ton of benzene.
3、 Future forecast
The port inventory of raw material styrene may accumulate, the market may be slightly weak, and the PS market may be weak next week.
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