[PS Morning Briefing] Short-Term PS Market May Attempt Localized Gains With Limited Magnitude

I. Focus Points

1、 On August 12th, the market continued to focus on the meeting between the US and Russian leaders, with geopolitical tensions expected to further ease, leading to a drop in international oil prices. NYMEX crude oil futures for the September contract fell by $0.79 per barrel to $63.17, a decrease of 1.24% compared to the previous period. ICE Brent crude futures for the October contract fell by $0.51 per barrel to $66.12, a decrease of 0.77% compared to the previous period. China's INE crude oil futures for the 2510 contract rose by 2.5 to 492.6 yuan per barrel, while the night session fell by 1.8 to 490.8 yuan per barrel.

Core Logic: The raw material styrene slightly rebounds from a low level, with slightly better support from the cost side.

2. Price List Form

3. Market Outlook

The raw material styrene experienced a slight rebound from a low level, with slightly better support from the cost side. Industry production has slightly recovered, and downstream just-in-time purchasing is moderate in the short term.The PS market may experience a slight local increase, with the extent likely to be relatively limited. It is expected that the price of purified terephthalic acid in the East China market will be around 7,800-8,600 yuan/ton.

4. Data Calendar