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Commodity News

SunSirs: Daily Review of ABS on March 15

March 16 2022 13:24:26     SunSirs (John)

Price trend

According to the data of SunSirs’ bulk list, the ABS market fell on March 15, and the spot price of each brand was lowered.

Analysis review

The upstream three materials market was flat, and the overall support for the ABS cost end was acceptable.

In terms of news, the situation in Eastern Europe has eased, and the market's concerns about the petrochemical supply chain have eased. The recent rebound of domestic and foreign health incidents further increased the resistance of companies and merchants to shipments, and downstream users’ purchasing operations were also general. In addition, the load of the ABS industry was still high, and the supply and demand was unbalanced, ABS prices were downward under pressure.

Market outlook

It is expected that the ABS spot market may weaken in the short term.

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