Drip from 718 boxster sports exhaust-any ideas what this is?

[philcray]

photo is taken looking up at exhaust with centre pipes to the left. Never noticed a drip before but last few days seen drip coming from the valve circled, seems to be water so I am guessing condensation but anybody know what it is? Looks almost to be a condensation / expansion chamber of some sort.

Cheers

Phil

Edited by philcray on Saturday 18th June 19:43

[elisered]

I think that’s your pse valve - presume someone has lubricated it to prevent it sticking.