1、 Price trend

According to the monitoring data of business society, the average price of PS ordinary materials at the beginning of this week was 10933 yuan / ton, and the average price of PS ordinary materials at the weekend was 10933 yuan / ton. The price was stable, up 35.54% compared with the same period of the year.

2、 Market analysis

The domestic PS market fluctuated upward, some manufacturers held steady, merchants mainly sold in advance, and small and medium-sized downstream just needed to purchase. Stimulated by the sharp rise of ethylene and the news of styrene overhaul in turn of Zhejiang Petrochemical, styrene rose broadly. Cost support, as well as tight spot resources, merchants’ light warehouse increased, small and medium-sized traders’ replenishment mood increased, and the trading was slightly better.

Tianjin rentai restarted, CITIC Guoan increased production, and benzene penetration may continue to increase to alleviate the tight supply situation; Benzene in East China market received 10900-11600 yuan / ton, the low-end increased by 200 yuan / ton month on month, and the high-end was stable month on month.

3、 Future forecast

The probability of PS ex factory price increase increases, and the market may rise to a certain extent. CITIC Guoan 4 penetration operation, and the benzene penetration supply gap is gradually replenished. It is expected that the PS market may be strong in a narrow range in the short term.