1、 Price trend

According to the monitoring data of business society, the average price of PS ordinary materials at the beginning of this month was 10966 yuan / ton, and the average price of PS ordinary materials at the end of this month was 10933 yuan / ton, with a price decrease of 0.30% and an increase of 37.24% compared with the same period of this year.

2、 Market analysis

At the beginning of August, the domestic PS market was stable as a whole, with partial negative decline, and the raw material styrene rebounded slightly, but the price difference between styrene and PS was large. After the tightening of epidemic control measures, there was strong risk aversion in the market. The small and medium-sized downstream just need replenishment, there is no lack of small profit making shipments in the market, and the on-site trading situation is general.

At the end of August, the PS market was stable, with little change in the cost of goods held by merchants and the tight supply of some brands, so the market offer was firm. However, the demand of small and medium-sized downstream is poor, the market buying gas has weakened to a certain extent, and there are still profit making shipments.

The output of China’s PS industry was 59100 tons, with an operating rate of 73.62%, an increase of 0.2% month on month and a year-on-year decrease of 6.91%. CITIC Guoan restarted two benzene permeable and Qimei negative, but Tianjin rentai stopped for maintenance, and the increment within the week was limited. According to the data, on August 26, 2021, the price of benzene in East China market was 10750-11650 yuan / ton, the low-end chain was stable, and the high-end chain was down 50 yuan / ton.

3、 Future forecast

The short-term tight market supply still exists. After the restart of CITIC Guoan plant, the tension of ordinary benzene penetration will be alleviated. The PS market is expected to be weak in the short term or in a narrow range.