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[PS Weekly Outlook] Short-Term PS Market Likely to Remain Stable With Slight Declines

Longzhong 2025-08-18 08:51:08

1. Focus Points

1 、 8/15: The market is awaiting the outcome of the meeting between US and Russian leaders, and geopolitical tensions are expected to ease further. International oil prices have declined. NYMEX crude oil futures for September settled at $62.80 per barrel, down $1.16 or 1.81% from the previous day. ICE Brent crude oil futures for October settled at $65.85 per barrel, down $0.99 or 1.48%. China's INE crude oil futures for the 2510 contract rose by 3.0 to 488.9 yuan per barrel, but fell by 4.8 to 484.1 yuan per barrel during the night session.

Core Logic: The raw material styrene fluctuated weakly, and the cost support weakened.

2. Price List

Product	Region	8-14	8-15	Rise and Fall
Brent	--	66.84	65.85	-0.99
Styrene	Jiangsu	7305	7280	-25
Styrene	Guangdong	7365	7335	-30
PS	East China	7750	7750	0
Note: 1 Brent unit is USD/barrel, styrene and PS prices are in RMB, unit: yuan/ton. 2 Select Green Anqing Peak 525 in PS. 3 The above RMB prices include tax. 4 The increase or decrease represents the month-on-month change value.

3. Market Outlook

The raw material styrene is fluctuating weakly, and cost support is weakening. Industry output has slightly recovered, but downstream demand for rigid purchases is moderate, lacking transaction cooperation. In the short term, the PS market may remain stable with a slight decline. It is expected that the price of styrene in the East China market will be around 7,700-8,600 RMB/ton.

4. Data Calendar

Data Project	Release Date	Previous data	This period's trend is expected
PS Capacity Utilization Rate	Thursday 4:00 PM	56.4%	↗
PS Profit	Thursday 4:00 PM	71	↗
1 Consider large fluctuations as up and down movements, highlighting data dimensions with a change exceeding 3%. 2 Considered as narrow fluctuations, highlighting data with a range of increase or decrease within 0-3%.

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[PS Weekly Outlook] Short-Term PS Market Likely to Remain Stable With Slight Declines

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