According to the bulk list data of SunSirs, the domestic ABS market fluctuated in the third week of August, with spot prices rising and falling. As of August 20, the average price of mainstream offer of general-purpose ABS was about 18,050 RMB/ ton, an increase of 1.40% over the average price at the beginning of the month and 26.67% over the same period last year.

Industrial chain: Recently, the international oil price has weakened as a whole, which is bad for the upstream chemical chain of ABS. The market guidance of direct raw material styrene was insufficient last week, and the mainstream price was lowered.

The upstream acrylonitrile market has been consolidated and operated horizontally recently, and the spot price is stable. At present, the supply and demand of domestic acrylonitrile market is balanced, the fundamentals are stable, and the cost support for ABS is stable.

Butadiene rose last week. The news showed that the resumption of some equipment was delayed recently, which was good for the market on the supply side. Although there is an expectation of supply increment in the later stage, it is temporarily good for ABS in the short term.

The upstream market fluctuated, and the ABS cost side support was acceptable. The current operating rate is high. Previously, the operating rate of the industry was close to full load, but some enterprises have maintenance and parking plans next month, which is good for the future supply side, boost market confidence and create a speculation atmosphere in the market. In addition, near the peak season, downstream operators gradually began to purchase and prepare goods, offsetting part of the increase in supply caused by high opening rate. However, the resistance to the rise of spot prices is significant, and the acceptance of terminal demand for high price goods is limited.

SunSirs analysts believe that the ABS spot market fluctuated in the third week of August, and the trend of the three upstream materials fluctuated, which supported the ABS cost side. The increase in supply caused by the high load of on-site devices coexists with the increase in the buyer's stock volume, and there are some device maintenance plans in the later stage. The merchants in the venue try to report high, but there is great resistance to the shipment of high price goods. It is expected that China ABS spot market may be sorted out and operated at a high level in the short term.

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