【PS Morning Update】The bearish sentiment regarding costs has eased slightly, and the short-term PS market may stop falling and trade within a narrow range.

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【PS Morning Update】The bearish sentiment regarding costs has eased slightly, and the short-term PS market may stop falling and trade within a narrow range.

Longzhong 2025-04-01 08:22:10

One, Focus Areas

1 、 3/31: The United States said that it did not rule out the option of taking military action against Iran. The market was worried about the enhanced potential supply risk, and the international oil prices rose. NYMEXCrude oil futuresThe May contract for WTI crude oil rose by $2.12 to $71.48 per barrel, a week-on-week increase of 3.06%; the May contract for ICE Brent crude oil rose by $1.11 to $74.74 per barrel, a week-on-week increase of 1.51%. The main contract for INE crude oil futures (2505) fell by 4.3 to 537.4 yuan per barrel, but rose by 16.5 to 553.9 yuan per barrel in the night session.

Core logic: The raw material styrene has stopped falling and slightly increased, easing the bearish cost atmosphere somewhat.

II. Price List Form

Product	region	3-28	3-31	Rise and fall
Brent	--	73.63	74.74	1.11
Styrene	Jiangsu	8085	8025	-60
Styrene	Canton	8185	8135	-50
PS	East China	8400	8350	-50
Note: 1 Brent is in USD/barrel, and styrene and PS are priced in RMB, unit: yuan/ton. 2 PS selects Green Anqing Peak 525. 3 The above table shows prices in RMB that are all inclusive taxes. 4 , change is the ring ratio change value.

III. Market Outlook

Raw material styrene has stopped falling and slightly increased, with the negative atmosphere from costs easing somewhat. Supply remains high, and demand is below expectations, resulting in continued pressure to sell in the market. In the short term,PS market priceThe market may stop falling or narrow its range. It is expected that the price of transparent modified benzene in the East China market will be RMB 8,400-9,500/ton.

IV. Data Calendar

Data Project

Release Date

Last period's data

This issue's trend forecast

PS Capacity utilization rate

Thursday 16:00PM

68.8%

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

2 ,↗↘ are considered narrow fluctuations, highlighting data with涨跌幅在0-3% within this range. Note: The phrase "涨跌幅在0-3%" seems to be incorrectly placed at the end and it's not directly translatable to coherent English without context. A more contextual understanding would be needed for a precise translation. However, based on the provided instruction, the direct translation is as above.

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【PS Morning Update】The bearish sentiment regarding costs has eased slightly, and the short-term PS market may stop falling and trade within a narrow range.

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