1.Price Trend

　　According to the SunSirs' big list data, ABS spot prices continued to rise in mid-September, and the domestic market trend was strong. As of September 18, the mainstream offer price of general-purpose ABS was about RMB 13350.00/ton, up 1.52% from the first week of this month.

　　2.Cause analysis

　　Industry chain: ABS upstream aspects, styrene market prices rose sharply early this month, the recent rise in international crude oil after the diving hit business mentality, domestic styrene prices were also affected and fell. However, in general, the situation of tight spot supply still exists. Inventories in some areas are low and businesses are reluctant to sell low-priced goods. It is expected that styrene will be treated and operated in the near future, while domestic butadiene market will be strengthened in the near future, and the supply is also on the tight side. The price increase of Panjin's source of goods drives up the prices of the other export manufacturers in the north. In addition, the spot resources in East China have not been significantly supplemented yet. The middleman's offer follows the supplier and pushes up the price. It is expected that butadiene will still be on the strong side in the future market, and the spot market of acrylonitrile-related products in the past two weeks will continue to run at the tender price at the beginning of the month. On the supply side, the industry's inventory is low. It will take some time for new production lines to export spot. There is still a gap in the market supply and the spot supply performance is relatively tight. Downstream traders maintain a cautious attitude, replenishment to maintain just in need. It is expected that the domestic acrylonitrile quotation will be integrated in the near future; the upstream support of ABS is strong, and the downstream demand will be improved because of the improvement in the demand of entering the "gold, silver and ten" household appliances industry. The overall market buying is still acceptable, and the domestic ABS price will rise in the near future as a whole.

　　3.Future Market Forecast

　　SunSirs analysts believe that in mid-September, the ABS market rose strongly and spot prices of various brands rose. On the cost side, the upstream three materials have strong support for the cost side. On the downstream side, the household appliances industry has entered the peak demand season, the demand for ABS has increased, and the on-site trading atmosphere is still acceptable. Although the dive after the crude oil surge affects the mindset of the operators, the confidence of the manufacturers is still strong. It is expected that the recent trend of crude oil and upstream three materials will be more directly reflected in the spot price of ABS. It is suggested that we continue to pay attention to the impact of international crude oil fluctuations on upstream three materials.

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