Recently, the domestic ABS market has declined, and spot prices have often been reduced. According to the Commodity Market Analysis System of SunSirs, as of July 28th, the average price of ABS sample products was 10,500 RMB/ton, an increase or decrease of -0.24% compared to the average price level at the beginning of the month.

In terms of supply: The ABS industry has shown an increasing trend in recent times, with more enterprise maintenance and self reduction of negative loads in the early stage. The current operating rate has rebounded to over 87%, and the on-site supply of goods has increased. The increase in inventory is significant, with an overall increase of over 150,000 tons. Recently, supply side support for spot prices has weakened.

In terms of raw materials, the overall performance of ABS upstream three materials was mixed last week. Among them, the market for raw material acrylonitrile has declined, and the price of raw materials is relatively strong and volatile, but there is limited support for acrylonitrile; Downstream construction fluctuates at low levels, resulting in poor demand for acrylonitrile; The supply side slightly declined, providing weak support for the acrylonitrile market. After rising in the first half of the month, the price of acrylonitrile has been sluggish and has slightly declined recently.

Last week, the price of butadiene in China rose and then traded sideways. In the early stage, the prices of external and domestic production enterprises were quite high, which boosted the mentality of merchants in offering. With the arrival of imported cargo at the port, port inventory has increased, and some pre maintenance equipment has been restarted, leading to an increase in domestic production. At the same time, downstream construction and profits are under pressure after the price rise, and demand has weakened in the face of market support. On site inquiries have returned to caution.

Recently, the market price of styrene has risen. The continued rise in international oil prices has driven the pure benzene market, with strong cost support, and the styrene market has followed suit. Recently, downstream demand has increased. Meanwhile, the port warehouse is in a moderate location, and there is export news. It is expected that the short-term styrene Spot market will mainly rise.

In terms of demand: Currently, downstream factories, including the main terminal appliance industry, have shown a decline in stocking enthusiasm. Due to factors such as season and power restrictions, the downstream operating rate is still at a low level. After the price increase of ABS, the acceptance level of manufacturers decreased, and the procurement operation was cautious, resulting in poor overall demand.

Recently, the three upstream materials of ABS have seen mixed ups and downs, providing average support for the cost side of ABS. The construction of petrochemical plants has increased compared to the previous period, and market inventory has also increased simultaneously. The demand side support has fallen, and the overall weak and rigid demand pattern has been maintained. It is expected that the ABS market may continue to be weak.

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