SunSirs: China ABS was High Sagflation at the end of November

According to the data of SunSirs, China domestic ABS market continued to run strongly in November, and the spot price fluctuated and rose. As of December 1, the mainstream offer price of general-purpose ABS was about 19,250.00 RMB/ ton, which was 10.00% higher than the average price at the beginning of the month.

In November, the domestic ABS market was active, and the price fluctuated and rose. The prices of the three upstream materials are up and down, and the overall cost support is temporarily stable. In terms of supply, domestic ABS supply is still tight, and the arrival volume in East China at the beginning of the month is relatively large, and the growth trend is slowing down. However, the terminal demand is still strong, and the consumption of major domestic appliance enterprises and automobile industry remains stable, and the market demand has a certain foundation. With the increasing cost pressure of downstream factories, the purchasing operation gradually has a certain resistance to the high price goods, and starts to maintain the just needed goods. In the last ten days of the year, some factories were forced to listen to the high price of household appliances, and some of them were resistant to the low price.

SunSirs analysts believe: China ABS market rose in November, the price of each brand rose better. The cost side of the upstream three material ups and downs on the ABS cost side of the support is OK. At present, the spot supply of ABS is still tight, but the rise in the early stage is large, and the downstream demand is gradually showing a weak state. At present, the downstream factories are more resistant to high price goods, and there are low price orders in the actual transaction. It is expected that China domestic ABS price will be adjusted in the near future.

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