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Upstream positive factors supported the rise in PS market quotations

 Last Update: 2022-12-06
 Source: Internet
 Author: User

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This week, supported by positive factors in upstream styrene, PS market quotations followed
.

PS Market

In terms of crude oil, crude oil prices have generally shown an upward trend
this week.
Crude oil futures fell deeply on Friday (July 7), as the dollar soared and oversupply concerns reappeared, and the NYMEX August crude oil futures contract closed down $1.
29, or 2.
8%, at $44.
23 a barrel
.
September Brent crude futures slipped $1.
40, or 2.
9 percent, to settle at $
46.
71 a barrel.

From the perspective of the device, the Ningbo Taihua PS unit has been stopped due to a fault around June 30, and the benzene modification device has been restarted, and the benzene is still under maintenance
.
Jiangsu Leiden PS plant was restarted on June 5, and three benzene-permeable lines are currently running, with a single line starting 6-70%, after all stops
on June 1-3.

Near the weekend, the rise of styrene gradually narrowed, and some highs in the PS market were cold, and the offer was mixed
.
It is expected that the PS market will maintain a consolidation situation next week
.

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