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[ps morning update] ps prices expected to remain stable with minor declines

Longzhong 2026-06-11 09:09:44

I. Key Focus Areas

6/10: U.S.-Iran relations remain unstable, and concerns over supply risks have intensified, pushing international oil prices higher. The NYMEX crude oil July 2025 contract settled at $90.03/barrel, up $1.83/barrel, +2.07% MoM; the ICE Brent August 2025 contract settled at $93.10/barrel, up $1.65/barrel, +1.80% MoM. China's INE crude oil futures July 2026 contract fell by 14.3 to 573.1 yuan/barrel, and rose by 11.1 to 584.2 yuan/barrel in night trading.

“” Overnight Crude oil price drop, Feedstock styrene has been weak recently., which has a bearish impact on PS.

II. Price List

Product	Region	Price on the 9th	10-day price	Rise and fall
Brent	--	91.45	93.10	1.65
Styrene	Jiangsu	8800	8730	-70
Styrene	Guangdong	8850	8785	-65
PS	East China	9700	9700	0
Note: 1 Brent is quoted in USD/barrel, while styrene and PS are quoted in RMB, unit: CNY/ton. 2 Select Saibao Long 525 for PS. 3 The above RMB prices are tax-inclusive. 4 The above content has been translated into English, and only the translated result is output, without any explanation.

III. Market Outlook

Current news shows that geopolitical volatility has intensified recently, but crude oil and styrene remain in relatively weak consolidation, and cost support is insufficient. On the PS supply-demand front, industry supply fluctuates slightly, while downstream demand expectations remain weak. Overall, cost and demand impacts are relatively weak, and PS prices are expected to remain stable with some slight declines.

IV. Data Calendar

Data Project	Publication Date	Last period data	Expected trend for this period
PS Capacity utilization rate	Thursday 4:00 PM	48.1	↘
PS Profit	Thursday 4:00 PM	426	↘
1 Treat ↓↑ as indicators of significant fluctuations, and highlight data dimensions with increases or decreases exceeding 3%. 2 Considered as narrow fluctuations, highlighting data with a price change within 0-3%.

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[ps morning update] ps prices expected to remain stable with minor declines

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