PS: The market is up, and downstream demand needs to be boosted

International crude futures rose sharply on Monday, with NYMEX April WTI light sweet crude futures up $1.
98, or 5.
5%, at $37.
90 a barrel, and London's Intercontinental Exchange (ICE) May benchmark Brent crude futures up $2.
12, or 5.
5%,
at $40.
84 a barrel.

From the perspective of the spot market, the Yuyao PS market is higher as a whole, with a range of 100-500 yuan / ton, and the market negotiation atmosphere is general
.
The raw material styrene continued to rise, and traders
' quotations rose steadily.
However, the terminal is resistant to the current price level, and the transaction situation is not good
.
Traders digest the previous low-priced inventory, and the real transaction price is slightly lower
.
The Dongguan PS market continued to rise, up 50-400 yuan / ton, and the market trading atmosphere was light
.
Driven by the rise in raw material styrene, the ex-factory price of PS such as Guangpec was raised, and merchants' offers continued to rise
.
However, the downstream looks at more and less movement, and the actual order transaction is not much
.

In summary, although the spot market is higher, it is limited by the low downstream demand, and it is expected to continue to guide the trend of the PS market tomorrow
.