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PS The market is moving higher Trader mentality preference

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

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12 3 mc

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On March 3, the domestic PS market continued to improve, and the quotation part rose, but the market inquiry atmosphere was weak, the downstream wait-and-see atmosphere was strong, and the actual transaction was still light
.

PS Market

Crude futures were higher on Wednesday, with U.
S.
benchmark crude futures closing up $0.
26 or 0.
8 percent at $34.
66 a barrel and Intercontinental Exchange (ICE) Brent crude futures up $0.
12, or 0.
3 percent, at $
36.
93 a barrel.

Yuyao PS market has been explored again, with a range of 100-300 yuan / ton, and the market negotiation atmosphere is general
.
The raw material styrene continues to rise sharply, cost pressure continues to increase, and traders' intention to pull up is still strong
.
Downstream buyers are more wait-and-see and mainly purchase on demand
.
The Shantou PS market continued to rise, up 150-350 yuan / ton
.
Positive upstream boosted traders' quotes continued to rise
.
The terminal is cautious in chasing up, taking goods on demand, and mainly trading small orders
.

Trader mentality preference
.
However, due to the low enthusiasm of downstream factories to enter the market for procurement, the transaction volume could not be effectively amplified
.
It is expected that due to the strong upward trend of the upstream in the near future, the PS market will still have an upward trend
.

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