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【PS Morning Tip】Short-term PS market is likely to supply from low levels, price fluctuations will be limited

Longzhong 2025-03-25 08:30:50

I. Focus

3/24: The US plans to strengthen sanctions on oil-producing countries like Venezuela, increasing potential supply risks and driving up international oil prices. NYMEX. The current close of the Brent oil futures contract is $69.11, up 0.83 dollars per barrel, up 1.22% from the previous close. The ICE Brent futures contract is up 0.84 dollars per barrel, up 1.16% from the previous close. The Chinese Chinese Shanghai Oil Futures main contract's spread is 2.0 to 53.3 yuan per barrel, up 5.5 to 53.8 yuan per barrel.

Core logic: Translate the above content into English, outputting the translation directly without any explanation. Supply at high levels and selling pressure, demand falls short of expectations.

II. Price List

Certainly, here's the translation for the given section into English: 3. Market Outlook Translate the above content directly into English as follows: 3. Market Outlook The following discusses projections and expectations based on the previously mentioned analysis, covering potential market developments, trends, and the overall direction anticipated in the near to medium term.

After a slight rebound following the cessation of the decline in raw material styrene, the negative factors regarding costs have eased somewhat. However, considering the high supply levels and pressure on shipments, as well as demand being less than expected, the short-term PS market may see low-level sales, with limited price fluctuations. It is expected that the price of modified benzene in the East China market will range from 8500 to 10300 yuan/ton.

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【PS Morning Tip】Short-term PS market is likely to supply from low levels, price fluctuations will be limited

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