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SunSirs: China ABS Daily Review on January 5

January 06 2022 14:14:27     SunSirs (Selena)

According to the bulk list data of SunSirs, the ABS market continued a weak and stable pattern on January 5. Recently, the spot prices of various brands were sideways sorted out, and the average price today was temporarily stable. The market performance of upstream three materials is weak, and the overall assistance to ABS is poor. The upstream crude oil at the far end has risen, and it will take time for ABS to conduct well. Downstream users just need to purchase to maintain production, and demand follow-up is relatively slow. The industry load is on the high side, the domestic spot price is restricted by weak demand. It is expected that China ABS spot market may still fall in the short term.

 

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