On March 25, peace talks between Russia and Ukraine continued to advance, but the situation in the Middle East remained uncertain, leading to fluctuating international oil prices. The NYMEX crude oil futures contract for May fell by $0.11 per barrel to $69.00, a decrease of -0.16%; the ICE Brent crude oil futures contract for May rose by $0.02 per barrel to $73.02, an increase of +0.03%. China's INE crude oil futures main contract for May increased by 4.0 yuan to 537.3 yuan per barrel, and during the night session, it increased by 1.3 yuan to 538.6 yuan per barrel.

Core logic:Supply is high with shipping pressure, and demand is below expectations.

II. Price List

III. Market Outlook

After a period of decline, the raw material styrene has stabilized and is now fluctuating, with cost factors exerting less pressure. However, considering the high supply levels and sales pressure, along with demand not meeting expectations, the short-term PS market may experience low-level sales, with prices running weakly. The forecast for the East China market for modified benzene is expected to be between 8400-10300 RMB/ton.