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[PS Morning Briefing] Influenced by demand falling short of expectations, the PS market may experience minor fluctuations in the short term.
Longzhong 2025-03-20 08:34:48

I. Focus Points

1、I. Focus Points

1, 3/19: The US EIA inventory data was mixed, and with the Fed announcing in March that it would not cut interest rates for the time being, international oil prices eventually rose slightly. NYMEX crude oil futures contract 04 closed at $67.16, up $0.26 per barrel, a month-on-month increase of +0.39%; ICE Brent crude oil futures contract 05 closed at $70.78, up $0.22 per barrel, a month-on-month increase of +0.31%. China's INE crude oil futures main contract 2505 fell by 2.0 to 521.4 yuan per barrel, and the night session fell by 0.3 to 521.1 yuan per barrel.

core logic: input format:Upstream styrene is weakly adjusted, the cost-driven effect has weakened, and the market sentiment is mainly观望情绪较浓。 注:最后一部分“市场观望情绪较浓”直接翻译为英文应为 "the market sentiment is cautious" 或 "the market is in a wait-and-see mode." 请允许我更正为: Upstream styrene is weakly adjusted, the cost-driven effect has weakened, and the market sentiment is cautious.

II. Price List

Three, Market Outlook

Yesterday, the raw material styrene was weakly adjusted, with insufficient cost support. Under the influence of high supply and shipping pressure, and demand not meeting expectations, the PS market may fluctuate narrowly in the short term. It is expected that the transparent modified benzene in the East China market will be 8550-10300 yuan/ton.

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