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[PS Weekly Outlook] Short-Term PS Market May See Slight Rebound

Longzhong 2025-09-08 09:22:08

I. Points of Attention

1 、 9/5: The market continues to focus on this Sunday's OPEC+ meeting amid concerns that a new production increase plan may be introduced, causing international oil prices to fall. NYMEX crude oil futures contract for October closed at $61.87 per barrel, down $1.61, a decrease of 2.54% compared to the previous session; ICE Brent crude oil futures contract for November closed at $65.50 per barrel, down $1.49, a decrease of 2.22% compared to the previous session. China's INE crude oil futures contract 2510 fell by 1.3 to 482.3 yuan per barrel, and dropped by 10.4 to 471.9 yuan per barrel in the night session.

Core Logic: The raw material styrene is fluctuating upward, with slightly better cost support.

2. Price List Form

Product	Region	9-4	9-5	Rise and fall
Brent	--	66.99	65.5	-1.49
Styrene	Jiangsu	7035	7125	90
Styrene	Guangdong	7115	7175	60
PS	East China	7580	7600	20
Remarks: 1 Brent unit in USD/barrel, styrene and PS prices in RMB, unit: yuan/ton 2 Select Green Anqingfeng 525 in PS. 3 The above table prices in RMB are all tax-inclusive. 4 The rise and fall are month-on-month changes.

3. Market Outlook

The raw material styrene has fluctuated upward, providing slightly better cost support. Industry production has recovered, and downstream buyers are making low-level just-in-time purchases. In the short term, the PS market may see a slight increase. It is expected that the price of GPPS in East China will be around 7,600-8,500 yuan/ton.

4. Data Calendar

Data Project	Release Date	Previous Data	The trend for this period is expected
PS Capacity utilization rate	Thursday 4:00 PM	61%	↗
PS Profit	Thursday 4:00 PM	139	↘
1 "↓↑ are regarded as significant fluctuations, highlighting data dimensions with a change exceeding 3%." 2 Regard ↗↘ as narrow fluctuations, highlighting data with price changes within the range of 0-3%.

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[PS Weekly Outlook] Short-Term PS Market May See Slight Rebound

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