In the first ten days of December, the domestic ABS market was in a weak stalemate, and the price was mixed. According to the data monitoring of SunSirs, the average price was 11,800 RMB/ton on December 11, with a range of 0%.

In terms of raw materials, the three upstream materials of ABS weakened in late November, and the overall performance was poor. Among them, the cost of acrylonitrile fell slightly, the downstream stock was not active, and the supply side pressure rebounded. It is expected that the acrylonitrile market will continue to fall slightly in the later period.

In the near future, the domestic butadiene port inventory increase, the main production enterprise Shenghong has output expectations, and the supply side lacks a long-term positive boost. Short term shocks attract some traders to buy, but the downstream trend is not good, and the just needed support is limited. It is expected that the short-term domestic butadiene market will be dominated by volatility

The spot price of styrene fell slightly recently. Crude oil hit a low level during the year, while the market for pure benzene fell in shock. At present, the production and marketing of styrene production enterprises remain partially profitable, and the manufacturers have a strong desire to ship, but the downstream traditional off-season replenishment intention is weak, and the spot price is under pressure. Some styrene plants in East China have been shut down, and the output has decreased slightly. It is expected that the short-term styrene market will mainly increase.

In terms of supply: In the first ten days of December, the load of ABS industry rose at a high level, the current plant operation is almost full, and the supply of goods on the site continues to be abundant. Due to the supply pressure and the drag of raw material side, the factory price is difficult to increase.

Demand: At present, downstream factories, including the main terminal household appliances industry, have poor enthusiasm for stocking goods, and the overall market trading is weak. Buyers' wait-and-see attitude increased, merchants followed the trend of the market, and some of the price reduction orders went normally. The total inventory of ABS decreased slightly.

Last week, the upstream three materials of ABS had a poor trend, which weakened the support for ABS cost side. The petrochemical plant started at a high level, the weekly output was stable, and the pressure on the supply side remained unchanged. The demand side did not improve, and the seller camp reduced the price and took the goods. Under the pressure of the supply side, it is expected that China ABS market will turn into a weak consolidation operation in the short term.

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