PS does not decrease pressure of supply and demand"dip"continues

Guide language: the recent raw material fluctuations overall success of styrene, PS petrochemical manufacturers cut operation, the low price offer, vendor delivery pressure big, PS prices lower.

Entered since 2023, as a new PS device production, supply obvious increment, competition between enterprises, the market is low.

Recent raw material fluctuations overall success of styrene, PS petrochemical manufacturers cut operation, the low price offer, vendor delivery pressure big, PS prices lower. As of May 19, east China market GPPS mainstream prices in 8350-10050 yuan/ton, HIPS mainstream prices in 8950-10350 yuan/ton, the end of January 2023 high benzene fell 800 yuan/ton, benzene, fall 1200

According to Kim lianchuang rough estimates, in April 2023, domestic PS device starts at 74.54% on average, fell 4.37%, fell 1.19% year on year, to the mid to late may, domestic PS equipment starts to 71.92%, Shanghai secco overhaul, part of the device to maintain state or negative production, parking PS industry average starts a narrow down trend.

In 2023, domestic production enterprises GPPS profit loss-making situation, to the mid to late may, GPPS domestic petrochemical enterprise theory lost an average of 158 yuan/ton, than the same period last year fell 81 yuan/ton. End demand recovery than expected, together with the new device is put into production, the competition between enterprises, low-end material loss-making enterprises theory.

Temporarily keep shakeouts styrene in the short term, the cost side support; PS individual parking device or return to normal production, market supply source is relatively loose, the downstream maintain just need to purchase, supply and demand pressures remained, businessmen or maintain the price operation, domestic market remained PS downward space.