The domestic ABS market rose slightly in the middle of January. According to the data monitoring of SunSirs, the average price on January 20 was 11,850 RMB/ton, +0.85% higher than the average price at the beginning of the month.

In terms of raw materials: ABS upstream three materials have been relatively strong previously. Among them, acrylonitrile manufacturers raised the listing price in January, and the market fell slightly this week. At the same time, the price of raw material propylene has continued to rise, and buyers have entered the market to follow up after the price correction. At present, the acrylonitrile market is still supported. Recently, the trading has been calm due to the holiday.

Recently, the domestic butadiene market has continued to rise, and the prices of mainstream suppliers are still rising to drive the market. The low inventory in the East China tank farm supported the firm intention of some merchants to offer. However, the supply of goods in North China has increased, and some high prices still need to be followed up. It is expected that the domestic butadiene market will rise in the short term.

The mainstream price of styrene in Shandong kept rising last week. Before that, the international oil price rebounded, the pure benzene market rose slightly, and the downstream remained just in need of bargain-hunting and replenishment, while the styrene market rose supported by costs. As the Spring Festival approaches, the transportation capacity is weakening, the demand side is weakening, and the market will be closed soon. It is expected that the short-term volatility and consolidation of styrene market will prevail.

On the supply side: last week, the load of ABS industry was at a high level. At present, the starting situation of the plant was stable, and the supply of goods in the site was relatively abundant. At the same time, the effect of removing the stock from the polymerization plant in the early stage was obvious. At present, the overall inventory position was low, and the ex-factory price was relatively strong.

In terms of demand: at present, the downstream factories including the main terminal appliance industry are in order to prepare goods, and the early stage of goods preparation in the field before the festival is basically completed. In the near future, the demand tends to be stable, and the goods are normally transported in the field. Buyers and merchants followed the market and performed steadily.

In the middle of January, the trend of ABS upstream three materials was relatively strong, and the support for ABS cost side was acceptable. The petrochemical plant starts at a high level, the supply is stable, and the operation is inclined to go to the warehouse. Before the end of the demand period, the stock support was general, the seller's offer was firm, and the market was firm. It is expected that China ABS market will be dominated by shock consolidation and operation in the short term.

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