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    Home > Chemicals Industry > New Chemical Materials > PS The market is moving higher Trader mentality preference

    PS The market is moving higher Trader mentality preference

    • Last Update: 2022-11-29
    • Source: Internet
    • Author: User
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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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