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Market Review:
Domestic PS price narrow range finishing, East China ordinary toluene mainstream transaction price at 9350 yuan/ton, South China ordinary toluene mainstream transaction price at 8770-8920 yuan/ton. Today, the settlement price of PS production enterprises in East China is stable or down by 50-100 yuan/ton. The slight increase in raw material styrene continued to support PS prices. In the afternoon, agents actively shipped, downstream demand did not improve significantly, procurement enthusiasm was not good, the overall market situation was general.
Shanghai Secco PS quoted price increased partially, the implementation is as follows: 123P quoted price of toluene was 9800 yuan/ton, 152P quoted price was 9900 yuan/ton, up 100 yuan/ton; 622P quoted price of benzene was 10700 yuan/ton, 532P quoted price was 10800 yuan/ton, the price was stable. At present, there is no plan for switching between two transmissions and one full load operation.
Analysis and prediction:
The raw material styrene continues to emphasize the support of PS price, but PS downstream demand has not substantially improved, the willingness to take goods is general, PS price is expected to stabilize tomorrow, difficult to improve trading.
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