In the face of high winds, PS was hit by dimensionality reduction

At the beginning of 2020 , the domestic public health emergency caused a shadow on the PS consumption prospec.

At the beginning of 2020 , the domestic public health emergency caused a shadow on the PS consumption prospec.

International crude oil trends:

The trend of styrene in Zhangjiagang:

The trend of styrene in Zhangjiagang:

Comparison of price rise and fall of PS market in Plastic City:

Comparison of price rise and fall of PS market in Plastic City:

Category	grade	Petrochemical manufacturers	January 2	March 18	ups and downs
GPPS	GPS-525	CITIC Guoan	9150	8100	-1050
GP5250	Taihua Ningbo	9600	8350	-1250
SKG-118	Guangdong Xinghui	9900	9300	-600
158K	BASF Yangtze	10000	8750	-1250
GPPS-123	Shanghai Secco	9300	8000	-1300
PG-33	Zhenjiang Chimei	10200	9200	-1000
HIPS	825	Panjin vinyl	9950	9100	-850
SKH-127	Shantou Aisikai	10400	9300	-1100
PH-88	Zhenjiang Chimei	10900	10400	-500
HIPS-622	Shanghai Secco	10200	9200	-1000
HP8250	Taihua Ningbo	10300	9200	-1100
6351	INEOS Styrolution Ningbo	10700	10000	-700

Large categories of petrochemical manufacturers January 2, March 18, ups and downs -33 Zhenjiang Qimei 102009200-1000HIPS825 Plate 99509100-850skh-127 Shantou Aisi 104009300-1100PH-88 Zhenjiang Chi Mei 1090010400400HIPS-622 Shanghai Saike 102009200-1000HP8250 Ningbo 103009200-11006351 British Benzone collar collar Major grades of petrochemical manufacturers changed on January 2 and March 1 Large grades of petrochemical manufacturers changed on January 2 and March 1 1250GP525096008350-1250SKG-11899009300-600SKG-11899009300-600158K100008750-1250158K100008750-1250GPPS-12393008000-1300GPPS-12393008000-1300PG- 33102009200-1000PG-33102009200-1000HIPS82599509100-850HIPS82599509100-850SKH-127104009300-1100SKH-127104009300-1100PH-881090010400-500PH-88 Zhenjiang Chi Mei 1090010400-500HIPS-622 Shanghai Secco 102009200-1000HIPS-622 Shanghai Secco 102009200-1000HP8250 Taihua Ningbo 103009200-1100HP8250 Taihua Ningbo 103009200-11006351 INEOS Styrolution Ningbo 1070010000-7006351 INEOS Styrolution Ningbo 1070010000-700

The plunging pattern of crude oil and styrene has caused panic in the PS market to spread rapid.

The plunging pattern of crude oil and styrene has caused panic in the PS market to spread rapid.

Interpretation of PS related industry chain:

Judging from the current decline in the industrial chain, the decline in PS is far less than that of styrene, and there may still be a downward trend in the short te.

Judging from the current decline in the industrial chain, the decline in PS is far less than that of styrene, and there may still be a downward trend in the short te.

PS import and export interpretation:

With the escalation of foreign epidemics, PS exports may also be affect.

With the escalation of foreign epidemics, PS exports may also be affect.

In summary, due to the impact of the epidemic, the growth of PS market supply and demand in the second quarter of 2020 may slow down, and the release of some downstream consumer demand is expected to be delay.
At the same time, the PS supply inventory is at a high lev.
Under the combined effect of the impact of monomers and the uncertain factors brought by crude oil, the PS market price in the plastic city may hit a new low at the end of the first quart.