1、 Price trend

According to the monitoring data of business news agency, the average price of PS (GPPS 525) was 9766 yuan / ton on April 5 at the beginning of this week, and 10033 yuan / ton on April 9 at the end of this week, with a steady rise of 2.73% and a rise of 34.37% compared with the same period last year.

2、 Market analysis

At present, the PS market is on the rise, with a range of 100-150 yuan / ton. The cost center of gravity moved up significantly, driving the PS market to further explore the rise before and after the Qingming holiday. However, the acceptance of buying price is not high, and it is difficult for the market to make a large deal. Since April 7, under the influence of the high level correction of styrene, the market price reduction and shipment situation have gradually increased, and the center of gravity has declined again. However, due to the change of benzene and the center of gravity is relatively strong through benzene. According to the data, on April 8, 2021, the benzene penetration revenue of East China market was 9800-13400 yuan / ton, with the low end down 100 yuan / ton and the high end up 100 yuan / ton.

On the cost side, the raw material styrene fell back after rising, with a large range, and the cost support may decline. On the supply and demand side, the inventory further decreases, and the pressure on the supply side has not increased yet, but the small and medium-sized downstream has poor acceptance of the high level, and the potential pressure on supply and demand exists. It is estimated that benzene penetration in East China market will be 9700-13300 yuan / ton.

3、 Future forecast

Short term PS market or weak consolidation. Styrene high shock, coupled with weak market delivery, real single negotiations or weak. It is estimated that benzene penetration in East China market will be 9900-13400 yuan / ton.