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PS Market quotations are up, merchants are cautious and wait-and-see

 Last Update: 2022-11-29
 Source: Internet
 Author: User

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On March 4, the quotations of major domestic PS markets maintained a general upward trend
.
Traders mostly focus on the change in ex-factory prices of petrochemical enterprises, while poor downstream demand is still the main factor
hindering market transactions.

PS Market

Crude futures were mixed on Thursday, with New York Mercantile Exchange benchmark U.
S.
crude futures down 9 cents, or 0.
3 percent
, at $34.
57 a barrel.
Intercontinental Exchange (ICE) Brent crude futures rose $0.
14, or 0.
4 percent, to $37.
07 a barrel
.

From the perspective of the spot market, the Yuyao PS market continues to rise, with a range of about 200 yuan / ton, and the market negotiation atmosphere is general
.
The raw material styrene continues to rise, while cost pressure increases, traders' intention to pull up is still strong, and some of them are closed
.
Downstream on-demand procurement is the mainstay, and the actual small order is completed
.
The Dongguan PS market consolidated at a high level, and the market trading atmosphere was flat
.
The favorable cost side continued, as well as the support of the increase in the factory price of PS of Guangpec, and the merchants' offer was firm
.
However, the downstream looks at more and less movement, and the transaction cooperation is general
.

PS In the absence of improvement in the demand side, merchants are mainly wait-and-see, and the market continues to increase petrochemical factory prices
.
Downstream continues to purchase on demand, with limited
receptivity.
It is expected that the PS market will continue to rise
steadily tomorrow.

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