According to the data of SunSirs, the domestic ABS market rose in September, slightly fell at the end of the month, and the spot prices of all brands rose overall. As of September 30, the average price of the mainstream offer of general-purpose ABS was about 12,850 RMB/ ton, up or down by +9.83% compared with the price level at the beginning of the month.

Industrial chain: In terms of raw styrene, the market price of styrene rose this month. The increase of terminal operating rate in the traditional peak demand season supports the spot price, and the market just needs to strengthen. In addition, the extreme weather in the middle of the month affected the delivery and arrival of goods, which to some extent supported the spot price. However, the international crude oil price fluctuated, the styrene cost support was ambiguous, and the price corrected at the end of the month. The main reason is that the focus of the pure benzene market continues to move downward, the ethylene market is in shock and consolidation, and the support for the styrene market is limited. Domestic styrene plants have returned in succession. The styrene inventory is rising, and the rising trend is weak. It is expected that the spot price of styrene will fall in shock in the later period.

The market of acrylonitrile rose sharply this month, and the benefits were concentrated on the reduction of supply pressure. Acrylonitrile units such as Silbang, Jilin Petrochemical, Shanghai Secco, Zhejiang Petrochemical continued to operate at a reduced load. The capacity of Kroor acrylonitrile unit began to rise to 90% in the middle of the month, and the supply picked up slightly in the second half of the month. However, there is still pressure for new production in the later period. On the other hand, costs and demand continue to support. It is expected that the acrylonitrile market will consolidate at a high level in the later period.

In September, the domestic butadiene market rose first and then fell, which was favorable because of the frequent maintenance of devices and the reduction of supply. At the same time, extreme weather affected the transportation of some goods. The supply of spot goods in the market was tightened, boosting the offer of merchants. In the middle of the year, Beifang Huajin and Fushun Petrochemical, the major producers in the northeast, started to bid for the outside world. At the same time, the market performance of the outside market was weak, the downstream cis-1,4-polybutadiene rubber load fell, and the demand was poor. The butadiene market turned downward. At the end of the month, Sinopec took the lead in lowering its offer, and the market atmosphere turned to light.

In September, the upstream three materials of ABS cost side have a strong trend, and the support of ABS cost side is good. In terms of industry load, the commencement of some production lines of ABS in the middle of the month was improved and fulfilled. The industry load reached a high level of 80% to 90%. The supply in the market continued to be abundant, which kept the pressure on the market. In terms of demand, this month is a traditional peak demand season with a double festival stocking tide. The stocking and digestion before and after the Mid Autumn Festival, coupled with the stocking tide on the National Day, have jointly pushed up the spot price of ABS. At the end of the month, the end enterprise stock up was basically completed. After the midstream traders made profits, there was accompanying shipping operations. In addition, the styrene fell back, and the center of gravity of the ABS offer fell slightly.

SunSirs analysts believe that the spot market of ABS rose in September, and the overall trend of the upstream three materials was positive, providing strong support for the cost side of ABS. The load of domestic industry is high, the spot supply is abundant, and the market in the peak market demand season drives up the spot price. After the festival, there may be holiday stock accumulation, decline in buyers' acceptance, and terminal enterprises' digestion of inventory. It is expected that the ABS spot market will enter a period of consolidation and operation in October, which does not rule out that the market will continue to decline.

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