Price trend
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Recently, the domestic ABS market has been shaken and sorted out. According to the data monitoring of the Business News Agency, as of February 13, the average price of ABS sample products was 12000 yuan/ton, up and down by -0.83% from the average price level at the beginning of the month.
Cause analysis
In terms of raw materials: the recent performance of ABS upstream three materials is generally fair. Among them, the acrylonitrile market fluctuated after rising, the manufacturer’s listing price rose at the beginning of the month, the raw material propylene was supported, the industry started at a low level, and the business offer rose. The demand side gave a general feedback on the supply of goods after the rise this week, but the rise was hindered, mainly by the shock operation.
Recently, the domestic butadiene market has been stagnant. Although the price increase of mainstream manufacturers is obvious, the transmission is not smooth. Downstream synthetic rubber prices declined, terminal demand did not improve significantly, market atmosphere weakened, and price growth narrowed.
The mainstream price of styrene in Shandong has risen recently. The price of crude oil rebounded at the weekend, the cost support was good, and styrene manufacturers actively shipped. Downstream maintain just needed replenishment, and the styrene market is expected to rise in a narrow range in the short term.
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In terms of supply: the recent high level of load in ABS industry, the high and stable start of the plant, the weekly output increase, and the ample supply of goods in the site. The factory continued the early destocking operation, the overall inventory position was general, and the supply side supported the spot price generally.
In terms of demand: in the near future, downstream factories including the main terminal appliance industry have prepared goods in a regular manner. The volume of goods in the field before the festival is general, the overall demand tends to be stable, and the goods in the field are normal. Buyers and merchants follow the market after the festival.
Aftermarket forecast
Last week, the trend of ABS upstream three materials was mixed, and the support for ABS cost side was acceptable. The petrochemical plant started at a high level and the supply increased. The demand-side support is poor, the seller’s inventory position is high, and the offer follows the market. It is expected that the ABS market will continue to be weak and volatile in the short term.
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