Price trend

Recently, the domestic ABS market was shaken and sorted out. According to the data monitoring of SunSirs, as of February 13, the average price of ABS sample products was 12,000 RMB/ton, and down by 0.83% from the average price level at the beginning of the month.

Analysis review

In terms of raw materials: the recent performance of ABS upstream three materials was generally fair. Among them, the vinyl cyanide market fluctuated after rising, the manufacturer's listing price rose at the beginning of the month, the raw material propylene supported, the industry started at a low level, and the business offer rose. The demand side gave a general feedback on the supply of goods after the rise this week, the rise was hindered, and mainly ran in shock.

Recently, the domestic butadiene market was stagnant. Although the price increase of mainstream manufacturers was obvious, the transmission was not smooth. Downstream synthetic rubber prices declined, terminal demand did not improve significantly, market atmosphere weakened, and price growth narrowed.

The mainstream price of styrene in Shandong was recently. The price of crude oil rebounded at the weekend, the cost support was good, and styrene manufacturers actively shipped. Downstream maintained just needed replenishment, and the styrene market is expected to rise in a narrow range in the short term.

In terms of supply: the load of ABS industry was high recently, and the unit operation was high and stable, the weekly output was increased, and the supply of goods in the site was abundant. The factory continued the early destocking operation, the overall inventory position was general, and the supply side had average support for the spot price.

In terms of demand: recently, downstream factories including the main terminal appliance industry had prepared goods in a regular manner. The volume of goods in the field before the festival was general, the overall demand tended to be stable, and the goods in the field were normal. Buyers and merchants followed the market after the festival.

Market outlook

Last week, the trend of ABS upstream three materials was mixed, and the support for ABS cost side was acceptable. The petrochemical plant started at a high level and the supply increased. The demand-side support was poor, the seller's inventory position was high, and the offer followed the market. It is expected that the ABS market will continue to be volatile and weaker in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com