[PS Weekly Outlook] Short-Term PS Market May Fluctuate Narrowly
1. Focus Points
1 、 7/25: Although market concerns over U.S. tariffs have eased, some disappointing economic data have made traders cautious, leading to a decline in international oil prices. The NYMEX crude oil futures September contract closed at $65.16 per barrel, down $0.87, a decrease of 1.32% from the previous session; the ICE Brent crude oil futures September contract closed at $68.44 per barrel, down $0.74, a decrease of 1.07% from the previous session. China's INE crude oil futures main contract 2509 rose by 4.3 to 508.6 yuan per barrel, but dropped by 6.7 to 501.9 yuan per barrel in the night session.
Core Logic: Translate the above content into English, output the translation directly, and do not provide any explanation. The raw material styrene fluctuates within a narrow range, and the cost direction is temporarily unclear.
2. Price List Form
|
Product |
Region |
7-24 |
7-25 |
Rise and Fall |
|
Brent |
-- |
69.18 |
68.44 |
-0.74 |
|
Styrene |
Jiangsu |
7450 |
7540 |
90 |
|
Styrene |
Guangdong |
7520 |
7595 |
75 |
|
PS |
East China |
7850 |
7900 |
50 |
|
Remarks: 1 Brent in USD/barrel, styrene and PS in RMB, unit: CNY/ton. 2 Select Green Anqing Peak 525 with PS. 3 The above RMB prices are all tax-inclusive. 4 The rise and fall are month-on-month changes. |
||||
3. Market Outlook
The raw material styrene is experiencing narrow fluctuations, and the cost direction is temporarily unclear. Industry production is slightly recovering from low levels, and downstream just-in-time procurement is happening. In the short term, the PS market may fluctuate within a narrow range. It is expected that the East China market for general-purpose polystyrene will be around 7800-8700 RMB/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 |
51.6% |
↗ |
|
PS Profit |
Thursday 4:00 PM |
-21 |
↗ |
|
1 Consider a significant fluctuation as an increase or decrease exceeding 3% and highlight these data dimensions. 2 Considered as narrow fluctuations, highlighting data with a rise or fall within the range of 0-3%. |
|||
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