[PS Weekly Outlook] Under the influence of weaker-than-expected demand, it is anticipated that the PS market may trend towards a weak consolidation.
I. Focus Points
3/21: The market believes that the Asian economy and demand are expected to improve, and the instability in the Middle East still brings potential supply risks, leading to an increase in international oil prices. NYMEX crude oil futures May contract rose by $0.21 to $68.28 per barrel, a month-on-month increase of +0.31%; ICE Brent crude oil futures May contract increased by $0.16 to $72.16 per barrel, a month-on-month increase of +0.22%. China's INE crude oil futures main contract 2505 rose by 9.3 to 531.3 yuan per barrel, and the night session increased by 4.4 to 535.7 yuan per barrel.
core logicRaw material styrene is weakly organized, and cost support is hard to improve.
II. Price List
Market Outlook
Raw material styrene is in a weak consolidation, with cost support failing to show improvement. Under the influence of high supply and shipping pressure, and demand falling short of expectations, the PS market may trend weaker in the short term. It is expected that the transparent modified benzene in the East China market will be around 8500-10300 yuan/ton.
Four, Data Calendar
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