1、 Price trend
| Thiourea |
According to the monitoring data of the Business News Agency, the average price of PS brand 525 at the beginning of March was 9433 yuan/ton, while the average price of PS brand 525 at the end of the month was 9350 yuan/ton, with a price decrease of 0.88%, down 12.75% compared to the same period last year.
2、 Market analysis
In March, the price of the PS market rose and fell alternately, with overall volatility and downward trend.
On the cost side, the strong performance of pure benzene combined with the tight balance of styrene fundamentals may drive the strong finishing of styrene. On the supply side, the overall supply of domestic PS is relatively sufficient, and the inventory pressure of petrochemical plants is expected to be high, while the pressure on the PS supply side remains. Demand side: Due to limited downstream demand improvement, the supply and demand side gradually tends to be loose, and the overall market inquiry atmosphere is general, while the on-site trading atmosphere is flat.
3、 Aftermarket Forecast
The industry’s capacity utilization rate has increased, and the market is cautious about high-priced goods, with a strong wait-and-see mood. It is expected that the short-term domestic PS market may be dominated by a volatile consolidation trend.
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