EN 
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CN Blog
PS Market Weekly Outlook (March 2, 2026)
I. Focus
February 27: Significant differences remain between the US and Iran in negotiations, increasing market concerns about potential supply risks and driving up international oil prices. NYMEX crude oil futures for April delivery rose $1.81 to $67.02, a 2.78% increase week-on-week; ICE Brent crude oil futures for April delivery rose $1.73 to $72.48, a 2.45% increase week-on-week. China’s INE crude oil futures for April delivery fell $1.90 to 484.3 yuan/barrel, but rose $18.10 to 502.4 yuan/barrel in the night session.
Core logic: Current geopolitical disturbances are leading to a relatively strong outlook for styrene, a raw material, resulting in both cost support and downward pressure. PS market demand is recovering, and market trading is expected to consolidate in line with price increases.
II. Price List
| Product | Area | Previous day’s price | Today’s price | Rise and fall |
| Brent | — | 70.75 | 72.48 | 1.73 |
| Styrene | Jiangsu | 7660 | 7675 | 15 |
| Styrene | Guangdong | 7750 | 7775 | 25 |
| PS | East China | 7880 | 7880 | 0 |
| Notes: 1. Brent crude oil prices are in US dollars per barrel; styrene and PS prices are in RMB per ton. 2. PS is selected from Saibaolong 525. 3. All RMB prices in the table are inclusive of tax. 4. Changes are month-on-month changes. | ||||
III. Market Outlook
Raw material styrene prices remained relatively strong, providing good cost support. Industry supply has recovered somewhat, but inventory pressure is manageable. Downstream factories are gradually resuming operations, resulting in manageable supply and demand pressures. The PS market is expected to see a slight upward trend in the short term. The price of PVC-modified PS in East China is projected to be 7900-8900 yuan/ton.
IV. Data Calendar
| Data Project | Release date | Previous period data | This period’s trend forecast |
| PS capacity utilization rate | Thursday 4:00 PM | 49% | ↗ |
| PS Profit | Thursday 4:00 PM | -223 | ↗ |
| ↓↑ are considered large fluctuations, highlighting data with price changes exceeding 3%. ↗↘ are considered narrow fluctuations, highlighting data with price changes within 0-3%. | |||
