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Asian PS market is flat after the hottest Festival

2022-09-28

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After the holiday, the Asian PS market is flat

although many Chinese market participants have returned to the market after the Labor Day holiday, this week's Asian PS market is quite calm, and market transactions have slowed down, and the sellers expect the transaction situation to be better next week. Chenggang group's production capacity is 22000 tons

according to market observers, the downward trend of PS prices in Asia has weakened due to the more stable SM prices. On the other hand, the seller also understood that the transaction slowed down because the seller had established inventory in the past few weeks. In China, PS prices remain weak due to buyers' wait-and-see attitude. The inquiry for GPPS spot goods is as low as 650 US dollars/ton (CFR Shanghai price), and other inquiries for GPPS in China are 670 ~ 680 US dollars/ton (CFR South China price). It is estimated that the price of hips framework is about $30/ton higher than that of GPPS. In Southeast Asia, because sellers are under the pressure of lower PS prices in Northeast Asia, PS prices fell. It is reported that buyers have little interest in purchasing, because end users expect PS prices to fall further

it is predicted that the trading in Asian PS market will be flat and may last until the end of May. It will be better then