[PS Weekly Outlook] East China Market's Hydrotreated Benzene Expected at 7,350-8,400 Yuan/Ton
1. Points of Interest
1 、 9/26: The intensity of the Russia-Ukraine conflict has recently increased, raising market concerns about potential supply risks and driving up international oil prices. NYMEX crude oil futures for the November contract rose by $0.74 per barrel to $65.72, a month-on-month increase of 1.14%; ICE Brent crude futures for the November contract rose by $0.71 per barrel to $70.13, a month-on-month increase of 1.02%. China's INE crude oil futures for the 2511 contract increased by 0.2 to 489.1 yuan per barrel, and rose by 5.9 to 495 yuan per barrel in the night session.
Core logic: The raw materials have rebounded slightly after a period of fluctuation, but the cost focus remains relatively low.
2. Price List
Product |
Region |
Previous Day Price |
Today's Price |
Rise and Fall |
Brent |
-- |
69.42 |
70.13 |
0.71 |
Styrene |
Jiangsu |
6940 |
6915 |
-25 |
Styrene |
Guangdong |
7015 |
6995 |
-20 |
PS |
East China |
7380 |
7350 |
-30 |
Note: 1 Brent is in USD/barrel, styrene and PS are in RMB, unit: yuan/ton. 2 Choose Green Anqing Peak 525 in PS. 3 The RMB prices in the above table are inclusive of tax. 4 The rise and fall are month-on-month changes. |
3. Market Outlook
After a slight rebound, styrene feedstock prices fluctuated, but cost pressure remains low. The industry supply is relatively ample, and downstream buyers are purchasing out of necessity at lower levels, coinciding with the National Day holiday. In the short term, the PS market may primarily focus on low-level sales. It is expected that the East China market for modified polystyrene could range from 7,350 to 8,400 yuan/ton.
4. Data Calendar
Data Project |
Publication Date |
Previous data |
The trend for this period is expected |
PS Capacity utilization rate |
Thursday 4:00 PM |
59.1% |
↘ |
PS Profit |
Thursday 4:00 PM |
109 |
↘ |
1 Consider large fluctuations as significant changes, highlighting data dimensions with an increase or decrease of more than 3%. 2 Regarded as narrow fluctuations, highlighting data with a rise or fall of within 0-3%. |
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