1、 Price trend

According to the monitoring data of business news agency, the average price of PS (GPPS 525) was 10700 yuan / ton at the beginning of this week, and 10600 yuan / ton at the end of this week, with a price drop of 0.93% and an increase of 34.18% compared with the same period last year.

2、 Market analysis

The domestic PS market was mainly weak, and the decrease of benzene conversion was larger than that of trans benzene, with a range of 20-400 yuan / ton. Raw material styrene continued to fall, increasing buying wait-and-see sentiment, coupled with the impact of PS factory price down, businesses oversold operation more. The supply of ordinary trans benzene is more tight than that of modified benzene, and the decrease rate is less than that of modified benzene.

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

PS market may be narrow and weak. The cost center is low, and the market support mainly comes from the tight supply of trans benzene. The downstream demand is weak, the factory just needs to purchase mainly, the market still has the possibility of making profit and shipping.