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【PS Morning Tip】Market lower level sales have improved, short-term PS prices may firm slightly.
Longzhong 2025-04-02 08:21:24

One, Focus Areas

1 、 4/1: Market focus shifted from sanctions on oil-producing countries to the US tariff hike policy, raising concerns about weakened demand prospects, leading to a decline in international oil prices. NYMEX crude futures for May delivery fell by $0.28 to $71.20 per barrel, down 0.39% month-on-month; ICE Brent futures for June delivery (rolled over) dropped by $0.28 to $74.49 per barrel, down 0.37% month-on-month. China's INE crude futures main contract 2505 rose by 11.6 to 549 yuan per barrel, while the night session gained 4.3 to 553.3 yuan per barrel.

Core logic: The price of raw material styrene fluctuated and rose, with cost support strengthening. However, supply remains high, demand falls short of expectations, and low-price market shipments have improved.

Price List

Product

Area

3-31

4-1

Brent

--

74.74

74.49

-0.25

Styrene

Jiangsu

8025

8115

90

Styrene

Guangdong

8135

8200

65

PS

East China

8350

8400

50

Note: Translate the above content from Chinese to English and output the translation result directly without any explanation

1 The Brent unit is in USD/barrel, while styrene and PS are in RMB, unit: yuan/ton.

2 PS selects Green Anqing Peak 525.

3 The above RMB prices are all inclusive of tax.

4 , change is the ring ratio change value.

Market Outlook

The price of raw material styrene fluctuates and rises, with cost support strengthening. However, supply remains high, and demand falls short of expectations. Low-level market shipments have improved, and short-term PS market prices may slightly firm up. The price of transparent modified benzene in the East China market is expected to range between 8400-9800 yuan/ton.

Data Calendar

Data Project

Release date

Last period data

Expected trend for this period

PS Capacity Utilization Rate

Thursday 16:00 PM

68.8%

↘

1 ", ↓↑ indicates significant fluctuations, highlighting data with increases or decreases exceeding 3%."

2 Considered as narrow fluctuations, highlighting the price changes within 0-3%.

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