In December, the domestic ABS market fluctuated in a narrow range, with limited price changes. According to the data monitoring of SunSirs, the average price was 11,750 RMB/ton on December 30, with a range of -0.42%.

In terms of raw materials, the three upstream ABS materials have risen and fallen in recent years, and the overall performance is average. Among them, the acrylonitrile market fell sharply. Since December, the start of the acrylonitrile industry has declined slightly, but the inventory pressure is still large. The listing price of the enterprise has decreased significantly in the early period and remained stable in the later period. In addition, the downstream demand was impacted within months, and the offer of merchants went down all the way.

In December, the domestic butadiene market continued to fluctuate upward. At the beginning of the month, due to the decline of the external market, it was bad for the domestic market. At the same time, North China has abundant goods resources, and the poor transaction dragged down the weak market. As the price of butadiene declines, the downstream will make up for bargains periodically. After early consumption, traders have less goods in their hands, which coincides with the need for periodic replenishment in some downstream areas, and the market has been driven higher.

This month, the mainstream price of styrene in Shandong fluctuated after rising. In the month, the pure benzene market was weak, and the cost support was average. Although the downstream operating rate was affected by public health events, the intention of just needed procurement was fair, which supported the market to a certain extent. It is expected that the short-term styrene market will be dominated by strong finishing.

In terms of supply: the ABS industry has maintained a high load this month, the current plant commencement is stable, and the on-site supply continues to be abundant. At the end of the month, the inventory position of the enterprise is not high, but there is still accumulated inventory. Enterprises are under a certain degree of supply pressure, and the ex factory price is under pressure.

Demand: At present, downstream factories, including the main terminal household appliances industry, are preparing goods step by step. On the market, the preparation of goods before the festival is basically completed within months. At the end of the month, demand tends to be stable, and goods are normally shipped on the market. Buyers and merchants follow the market with stable performance.

In December, the trend of the three upstream materials of ABS was mixed, which generally supported the cost side of ABS. The petrochemical plant started at a high level, with stable monthly output and pressure on the supply side. The demand side is supported by pre holiday stock. The seller offers a firm price within the month, and the market is operating steadily. With the good stock tide, it is expected that the ABS market will be weak in the short term.

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