【Introduction】 In the second quarter, the PS market showed a “V” trend. After hitting the annual high, it quickly turned back. The rise and fall was like a roller coaster. The mentality of all parties in the field was tested.

In the second quarter, the PS market trend showed a “V”. At the beginning of June, it hit the highest point of the year, which was completely different from the trend of the same period last year.

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The first stage, the price fluctuated upward, hitting the high point of the year.

In the market where raw material styrene has risen sharply, the PS market's trading focus has continued to move up. Until the beginning of June, the PS price hit a high point during the year as the bull market in the upstream market rallied sharply. The price of ordinary benzene in the East China market is 13200-13700 yuan / ton. At the beginning of the uptrend, there was a significant increase in market trading, and the buying volume was chasing up, and the pace of traders’ shipments accelerated. However, in the late stage of the rally, all parties on the site felt the high pressure and left the market to wait and see.

The second stage, the high and the low, the PS market, the slowdown

In mid-June, due to the rapid cost correction, the PS market lost strong support and the market turned into the down channel. The risk aversion in the market continues to heat up, and buying and other falling sentiment is increasing. The enthusiasm of the traders in the market is approaching the freezing point, the high price is crumbling, and the profit-taking phenomenon is more common. Near the end of the month, due to the price adjustment to a reasonable space, some of the purchases entered the market to seek low-cost sources, traders shipped slightly improved, moderately reduce the overall inventory pressure.

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In July, the peripheral news surface warmed up, and the PS market tentatively rose slightly. However, it is difficult to fully increase the buying momentum, and the continuous driving force is insufficient. The gains and gains are limited. Traders choose to use light warehouse operations to appropriately avoid risks.

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