【PS One-week Outlook】Market shipping pressure remains, short-term PS market prices may stop falling and trade in a narrow range.
1. Focus Areas
1, 3/28: Market concerns about the U.S. increasing tariffs and enhancing trade risks may lead to a global economic recession, causing international oil prices to fall. NYMEXCrude oil futuresThe May contract fell by $0.56 to $69.36 per barrel, a decrease of 0.80% month-on-month; ICE Brent crude futures for May fell by $0.40 to $73.63 per barrel, a decrease of 0.54% month-on-month. China's INE crude oil futures main contract 2505 fell by 1.7 to 541.7 yuan per barrel, and dropped by 3.7 to 538 yuan per barrel during the night session.
Core Logic:The raw material styrene has halted its decline and seen a slight increase, with the negative cost atmosphere easing slightly.
Price List
Market Outlook
Raw material styrene has stopped falling and slightly increased, with the negative cost atmosphere easing somewhat. Supply remains at a high level, while demand is below expectations, and the market is still facing pressure to sell. In the short term,PS market priceOr a narrow consolidation. The East China market is expected to see modified benzene at 8400-9500 yuan/ton.
IV. Data Calendar
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