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SunSirs: The Demand Side conflicts with High Price Supply, China ABS Operates at a High Level
October 19 2021 14:51:09SunSirs(Selena)

According to SunSirs, the domestic ABS market fluctuated, sorted out and operated, and the spot price rose on the whole. As of October 15, the average price of general-purpose ABS mainstream offer was about 18,225 RMB/ ton, an increase of 2.39% over the price level at the beginning of the month and 9.79% over the same period last year.

In terms of upstream styrene, the upward trend of international oil price was favorable to the chemical chain products, with a large increase. The price of acrylonitrile is stable and small, the merchant's offer is still relatively stable, and the trading in the market is general. The price of butadiene has been declining for more than a month. At present, the domestic butadiene market has increased slightly, the market has stopped falling and warmed up, and the market focus is upward as a whole.

The upstream market fluctuated, and the cost side support of ABS was general. In terms of operating rate, the newly increased capacity in the early stage and the maintenance plans of several production lines exist at the same time. The recent power restriction environmental protection policy and shutdown maintenance of some enterprises have caused a certain loss of capacity, and the decline in operating rate of ABS industry is good for the supply side. At the same time, there is a certain amount of downstream demand, and the terminal enterprises just putchase by needs.

China ABS spot market fluctuated last week, and the trend of the three upstream materials fluctuated, which generally contributed to the ABS. The operating rate of domestic ABS related enterprises has decreased due to the impact of environmental protection related policies, but there is a certain rigid demand at the terminal in peak season to support the kinetic energy in the field. After the spot rose, it was resisted by the buyer. In the second half of the week, the merchant sold the goods at a profit and made an offer callback. It is expected that China ABS spot market may still fluctuate slightly in the short term.

 

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