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[PS Morning Brief] Short-Term PS Market May Show Narrow Weakness

Longzhong 2025-10-16 08:24:01

1. Focus Points

1 、 10/15: The market is worried about the risk of oversupply, and trade disputes initiated by the United States are suppressing demand prospects, leading to a decline in international oil prices. NYMEX crude oil futures for the November contract dropped by $0.43 per barrel to $58.27, a decrease of 0.73% compared to the previous period; ICE Brent crude futures for the December contract fell by $0.48 per barrel to $61.91, a decrease of 0.77% compared to the previous period. China's INE crude oil futures for the 2512 contract fell by 7.6 to 444.9 yuan per barrel, and the night session dropped by 1.9 to 443 yuan per barrel.

Core Logic: The trend of raw materials is weak, and the cost focus is also relatively low.

2. Price List Form

Product	Region	Previous day's price	Current Price	Rise and fall
Brent	--	62.39	61.91	-0.48
Styrene	Jiangsu	6585	6540	-45
Styrene	Guangdong	6615	6575	-40
PS	East China	7000	6950	-50
Note: 1 Brent is priced in USD/barrel, while styrene and PS are priced in RMB, with the unit: yuan/ton. 2 Choose Green Anqingfeng 525 with PS. 3 The above RMB prices include tax. 4 The increase or decrease is the month-on-month change value.

Market Outlook

The trend of raw material styrene is weak, and the cost focus is also relatively low. The industry supply is relatively loose, and the downstream purchasing pace has slowed down. In the short term, the PS market is expected to remain narrow and weak. It is estimated that the price of toluene in the East China market will be between 6,900 and 8,000 yuan/ton.

4. Data Calendar

Data Project	Release Date	Last period data	The trend for this period is expected.
PS Capacity utilization rate	Thursday 4:00 PM	54.6%	↘
PS Profit	Thursday 4:00 PM	44	↘
1 Consider fluctuations of more than 3% as significant, highlighting data dimensions where the rise or fall exceeds 3%. 2 Considered as narrow fluctuations, highlighting price changes within the range of 0-3%.

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[PS Morning Brief] Short-Term PS Market May Show Narrow Weakness

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