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Merchants are cautious and wait and see, PS market quotations are weak and falling

 Last Update: 2022-12-05
 Source: Internet
 Author: User

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This week, driven by the styrene volatility trend, the PS market price was sorted
out in a narrow range.
The downstream is mainly wait-and-see, and the PS price in the future market is not lacking in the possibility of a slight decline, fluctuating at 50-100 yuan / ton
.

PS Market

In terms of petrochemicals, during the Dragon Boat Festival, styrene closed higher again, and some traders in the PS market returned from the holiday to tentatively rise slightly, and East China ordinary benzene was reported at 10400-10500 yuan / ton
.
Near the weekend, raw material styrene fell again, and on Friday Guangzhou Petrochemical PS individual quotations were lowered, 525 at 10,050 yuan / ton
.

In crude oil, U.
S.
crude oil futures rebounded
slightly on Thursday (June 1).
The NYMEX July crude futures contract closed up $0.
04, or 0.
1 percent, at $48.
36 a barrel
.
August Brent crude closed down $0.
13, or 0.
3 percent, at $50.
63 a barrel
.

Device dynamics: Guangjiang Lv'an Qingfeng PS device is fully stopped, and the restart time is unknown
.
At present, it is mainly
based on digesting stocks.
Jiangsu Leiden PS plant is scheduled to be shut down for maintenance on May 17, and the restart time is not clear
.
Guangzhou Petrochemical PS unit is operated through and changed, and the load is 5-6 percent
.

In summary, it is recommended to continue to pay attention to the guidance of upstream raw material trends to the PS market
.

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