SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > ABS News > News Detail
ABS News
SunSirs: Market Turnover and Investment Return, China ABS Market is Sorting
December 21 2022 10:07:44SunSirs(Selena)

In the middle of December, the domestic ABS market fluctuated and the price fluctuated. According to the data monitoring of SunSirs, the average price was 11,750 RMB/ton on December 20, with a range of -0.42%.

In terms of raw materials, the three upstream materials of ABS rose and fell respectively in mid December, and the overall performance was fair. Among them, acrylonitrile market rebounded narrowly after falling. Since December, the manufacturer's listing price has been gradually lowered, and the merchant's offer has declined. The price bottomed out in the middle of the year due to the enterprise's independent load reduction and the gradual digestion of the supply of goods. However, the current supply pressure is still high, and the increase of acrylonitrile may be limited.

Recently, the domestic butadiene market continues to rise. After early consumption, traders have less supply of goods, which coincides with the periodic replenishment of some downstream markets, once driving spot prices higher. At present, Shenghong Refining and Chemical Co., Ltd. is lagging behind in resuming its work, but other manufacturers are expected to increase their load. The downstream continues to meet the rigid demand, and it is difficult to get a good boost in the short term, so the fundamentals are weak. It is expected that the domestic butadiene market will fall under pressure in the short term.

Recently, the mainstream price of styrene in Shandong has risen. The market of pure benzene was consolidated, and the cost support was average. Although the downstream is just in demand, the purchase intention is good, which has certain support for the market. The port inventory may have a small drop expectation, which is good for the styrene market. The short-term styrene market is expected to be dominated by gains.

In terms of supply: In mid December, the load of ABS industry was at a high level, and the current plant commencement was stable, and the on-site supply continued to be abundant. Enterprises are under a certain degree of supply pressure, and the ex factory price is under pressure.

Demand: At present, the stock of downstream factories, including the main terminal household appliances industry, has slightly warmed up, the stock demand in the market has been carried out before the festival, and the delivery has gradually improved. However, the buyer's wait-and-see mood remained unchanged. The merchants followed the trend of the market, and the total inventory of ABS decreased slightly.

Last week, the trend of the three upstream materials of ABS was mixed, and the support for ABS cost side was fair. The petrochemical plant started at a high level, with stable weekly output and pressure on the supply side. The improvement on the demand side is limited, and the seller's offer is firm. It is expected that China ABS market will maintain consolidation and operation in the short term.

 

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products