[PS Morning Alert] Short-Term PS Market May Show Weak Consolidation

I. Points of Attention

1 、 10/28: The market is focused on OPEC+'s continued production increase plan, coupled with still poor demand prospects, leading to a decline in international oil prices. NYMEX crude oil futures for the December contract fell by $1.16/barrel to $60.15, a decrease of 1.89% compared to the previous period; ICE Brent crude futures for the December contract fell by $1.22/barrel to $64.40, a decrease of 1.86% compared to the previous period. China's INE crude oil futures for the 2512 contract fell by 2.0 to 466.4 yuan/barrel, and in the night session, they fell by 8.3 to 458.1 yuan/barrel.

Core Logic: The raw material styrene fluctuates and weakens, with insufficient support from cost focus.

2. Price Form

3. Market Outlook

The raw material styrene fluctuates and weakens, and the cost support is insufficient. The industry supply pressure is currently not significant, but the downstream purchasing pace has slowed. In the short term, the PS market may consolidate weakly. It is expected that the East China market will see a price range of 6,900-8,000 yuan/ton for modified polystyrene.

4. Data Calendar