[PS Morning Brief] Expected Next PS Market May Test Small Rise

I. Focus Points

1 、 On October 23, the United States imposed new sanctions on Russian oil companies, increasing market concerns about potential supply risks and driving up international oil prices. The NYMEX crude oil futures December contract rose by $3.29 per barrel to $61.79, up 5.62% from the previous period. The ICE Brent crude futures December contract rose by $3.40 per barrel to $65.99, up 5.43% from the previous period. China's INE crude oil futures December contract rose by 12.2 to 454 yuan per barrel, and the night session rose by 15.8 to 469.8 yuan per barrel.

Core logic: Raw material styrene has rebounded slightly, and the cost focus is also relatively low.

Section 2: Price List

3. Market Outlook

The PS market is expected to tentatively increase in the next period. On the cost side, crude oil has rebounded, and styrene is still in a game of expectations for inventory reduction and market bearish sentiment. On the supply and demand side, after a round of production cuts, the supply-side pressure has temporarily eased, and the supply-demand structure has tightened to some extent, which may provide some support for prices. 。

4. Data Calendar