As we all know, due to market changes in 2020, oil prices continue falling, and the price of PS pellets will also fluctuate.
First, Price Trend
In terms of price: GPPS mainstream price is 8700-10100 yuan per ton, HIPS mainstream price is 9200-11300 yuan per ton.
Second, Market analysis
PS Market Quotes: Partial quotations in the PS market are down, and market transactions are generally under the environment of weak overall demand. The main venue is to wait and see, and the actual operation is not much. Downstream manufacturers purchase on demand.
The PS market basically maintained yesterday's situation, downstream plants continued to purchase on demand, and overall transactions were not satisfactory. Merchants follow the market with the goods, and the transaction is slightly discounted. The PS market is expected to maintain a narrow consolidation pattern.
Third, market prospect
The overall trading situation in the PS market is not good, and the trading atmosphere is insufficient. Downstream procurement is based on demand, and most factories still wait and see, with few actual receipts. It is expected that the PS market will mainly stabilize and some small moves.
INTCO Recycling, as a professional purchaser of polystyrene scraps and manufacturer of recycled PS pellets, has a sufficient supply of recycled GPPS resources in the market. We have a professional team, strict quality control, and well-known equipment, so we supply the best quality recycled GPPS. No matter how the market changes, our mission is always the same, looking forward to your consultation!