According to SunSirs, ABS market strengthened in August, and most spot prices in the market increased by a large margin. As of August 31, the mainstream offer price of general-purpose ABS was about 14,800.00 RMB/ ton, which was 14.73% higher than the average price at the beginning of the month.

In August, ABS upstream styrene mostly continued the de stocking operation of last month, and the whole month's market fluctuated. ABS upstream acrylonitrile market has turned from low to positive, and the domestic market has been stable in recent years. The supply of acrylonitrile market decreases, and the price may be stronger in the near future.

The overall performance of butadiene domestic market was strong, the price was stable in early August, the market rose significantly in the middle of August, and the consolidation operation was conducted in the later stage. At present, the market is generally optimistic, but the specific transaction follow-up is general. It is expected that China domestic butadiene market will fluctuate mainly in the short term.

In the first ten days of August, the domestic ABS market price continued the consolidation of the previous month, and the offer fell slightly. After that, although the domestic ABS petrochemical plant operating rate was still maintained at a high level, but the spot supply reduction was not improved, but intensified. The overseas COVID-19 epidemic continued last month, which led to the poor arrival of imported goods. In addition, ABS inventory has been at a low level. Domestic flooding has hindered the production of some polymerization plants, so that the recent supply situation has been tightened by multiple factors. At present, the mentality of merchants is stable, and downstream factories are cautious to prepare goods.

Market Forecast:

SunSirs analysts believe: ABS market rose sharply in August, the price of each brand has a certain range of adjustment. In terms of cost side, the trend of the upstream three materials is mostly good, and the support for ABS on the cost side is acceptable. At present, ABS spot supply is still in short supply, and the downstream is cautious about the decrease of ABS supply, and the inquiry situation has increased. The resistance of merchants to ship is reduced, and the low price order is reduced. It is expected that China domestic ABS price will be adjusted at a high level in the near future.

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