【PS Morning Update】Demand falls short of expectations, the PS market is expected to experience weak fluctuations in the near term.

One, Focus Areas

1. 3/27: The U.S. extends sanctions on some oil-producing countries, raising market concerns over potential supply risks, leading to a rise in international oil prices. NYMEXCrude oil futuresThe May contract rose by $0.27 to $69.92 per barrel, a month-on-month increase of 0.39%; ICE Brent crude futures for May rose by $0.24 to $74.03 per barrel, a month-on-month increase of 0.33%. China's INE crude oil futures main contract 2505 increased by 4.0 to 543.4 yuan per barrel, and fell by 0.4 to 543 yuan per barrel during the night session.

Core logic:PS supply has increased, but due to a rebound in raw material prices, short-term market conditions are expected to remain stable.

II. Price List

3. Market Outlook

Yesterday's raw materialsStyrene priceRebound, cost side provides some support. However, high PS supply and sales pressure, coupled with demand falling short of expectations, suggest a recent...PS MarketThe market trend may be weak and volatile. It is expected that the price of transparent modified benzene in the East China market will be RMB 8,400-10,300/ton.

Four, Data Calendar