According to the data of SunSirs, the domestic ABS market rose last week, and the spot prices of various brands increased. As of September 15, the average price of the mainstream offer of generic ABS was about 12,400 RMB/ ton, up or down by+5.98% compared with the price level at the beginning of the month.

Industrial chain: In terms of raw styrene, the market price of styrene rose last week. The increase of terminal operating rate in the traditional peak season has certain advantages, and the rigid demand on the site is stronger than that in the early stage. In addition, the recent extreme weather has affected the delivery and arrival of goods, supporting spot prices to some extent. However, the price of crude oil and pure benzene fluctuated, and the cost support of styrene was ambiguous. It is expected that the market performance will continue to be positive in the short term.

Recently, the acrylonitrile market continues to rise. In the early stage, due to the long-term loose supply of the domestic acrylonitrile industry, enterprises took the initiative to reduce the load. At present, the total operating rate of acrylonitrile is not high, the supply of goods is tightened periodically, and the supply pressure has been partially relieved. However, I heard that the production line in East China has a construction plan recently. Last week, the downstream demand was fairly good, and the terminal enterprises just needed to get the goods, so the operation was gradually cautious. With the increase of load of domestic acrylonitrile industry, there may be pressure on spot price.

The domestic butadiene price rose last week. During the week, extreme weather affected enterprises in some regions to reduce their load, and the arrival of goods was uneven. In the early stage, there was a shortage of goods in East China, which aggravated the shortage market. Although local supply tightening has strengthened the confidence of sellers, the acceptance of downstream enterprises is limited after the rise of the offer, and the decline of demand has suppressed the spot market. However, the current low-end offer has been digested, and it is expected that the domestic butadiene market will maintain a strong operation in the short term.

In the near future, the trend of three upstream materials at the ABS cost end is strong, and the ABS cost support is good. In terms of industry load, the expected increase in the commencement of some ABS production lines in the early stage will be fulfilled, and the on-site supply will continue to be abundant, and the supply side will not reduce its pressure on the market. In terms of demand, although downstream enterprises mainly digested the pre festival inventory after the festival, the midstream increased in taking goods, the market atmosphere remained buoyant, and the downstream demand for goods preparation for the National Day holiday was approaching, gathering enterprises' confidence was strong.

SunSIrs analysts believe that the spot market of ABS rose last week, and the overall trend of the upstream three materials was positive, strengthening the support for the cost side of ABS. The domestic spot supply is abundant, and the market in the demand peak season is not significant, but the mood of the emotional players is strong, and it is expected that China ABS spot market will maintain a high level in the short term.

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