【PS Morning Alert】Demand is below expectations, and the PS market is expected to trend weakly today.
I. Focus Points
On March 26, U.S. crude oil and refined oil inventories decreased, coupled with geopolitical instability, leading to an increase in international oil prices. NYMEX crude oil futures for May delivery rose by $0.65 to $69.65 per barrel, a 0.94% increase; ICE Brent crude futures for May delivery rose by $0.77 to $73.79 per barrel, a 1.05% increase. The main contract for China's INE crude oil futures for May rose by 2.1 to 539.4 yuan per barrel, with a night session increase of 3.5 to 542.9 yuan per barrel.
Core logic:The downstream demand for PS is generally weak, and the industry is under significant supply pressure, resulting in a weak operation.
II. Price List
Market Outlook
Yesterday, the raw material styrene was weakly adjusted at low levels, primarily influenced by bearish cost factors. Supply is high with pressure on shipments, and demand is below expectations. It is anticipated that the PS market will likely operate weakly today. The price for toluene modified styrene in the East China market is expected to be between 8400-10300 CNY/ton.
Data Calendar
【Copyright and Disclaimer】The above information is collected and organized by PlastMatch. The copyright belongs to the original author. This article is reprinted for the purpose of providing more information, and it does not imply that PlastMatch endorses the views expressed in the article or guarantees its accuracy. If there are any errors in the source attribution or if your legitimate rights have been infringed, please contact us, and we will promptly correct or remove the content. If other media, websites, or individuals use the aforementioned content, they must clearly indicate the original source and origin of the work and assume legal responsibility on their own.
Most Popular
-
Middle East Tensions Escalate Again? U.S.-Iran Talks Collapse Before Starting, Crude Oil Volatility and Plastic Futures Retreat, Plastics Market Faces New Test
-
Saudi Core Petrochemical Zone Hit! Trump Issues "Final Deadline" Threat to Iran! Over 5 Million Tons of Production Capacity Halted in April
-
BASF Delivers First Batch of Innovative Cathode Materials for Semi-Solid-State Batteries to Weilan New Energy
-
Magna Announces Sale Of Lighting And Roof Systems Business
-
Vimar Launches Linea Switch Range Using Envalior Recycled Material, Cutting Carbon Footprint by Over 80%
