Procurement downturn and PS price weakness

1、 Price trend

 

PVA 1799 (PVA BF17)

According to the monitoring data of the business agency, the average price of PS ordinary materials at the beginning of this week was 10850 yuan / ton, and the average price of PS ordinary materials at the weekend was 10650 yuan / ton, down 1.84% and 2.59% compared with the same period of the year.

 

2、 Market analysis

 

At present, the price of PS market is falling, the interest of downstream purchasing is low, it is difficult to improve the transaction, and most of the real offers give up profits. Zhenjiang Qimei pg33 reported 9800 yuan / ton, Taiwan Taihua 5250 reported 12120 yuan / ton, and 8250 reported 9620 yuan / ton; Ningbo Taihua 535n reported 9630 yuan / ton, Shanghai Secco 123p was short, and Thailand Petrochemical 150 was out of stock.

 

PVA

Crude oil fell, styrene continued to go up, PS petrochemical manufacturers mainly stabilized the price, the trading atmosphere was weak, and merchants were cautious. The mainstream price of GPPS (polyphenylene sulfide) in East China market is 9350-10900 yuan / ton, and the mainstream price of hips (polystyrene) is 10150-11600 yuan / ton.

 

3、 Future forecast

 

At present, the downstream demand of PS is cold, and it is expected that the short-term domestic PS (polystyrene) market will rise or fall in a narrow range.

http://www.pva-china.net

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