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SunSirs: ABS Daily Review on April 20

April 21 2022 09:46:58     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the ABS market was weak and stable on April 20, and the spot ex-factory prices of various specifications remained sideways.

Analysis review

The three upstream raw material prices were generally deadlocked, and the support for the cost side of ABS weakened. The situation in Russia and Ukraine has become increasingly tense in recent days, causing many oil fields to close and crude oil to rise. However, the effect of price transmission to the ABS industry chain was general, and the market diverged greatly. In addition, the domestic health incident affected the logistics of East China, and the resistance of enterprises and merchants to shipments did not decrease, and the purchasing operations of downstream users were inclined to maintain production. In addition, the load of the ABS industry was high.

Market outlook

It is expected that the ABS spot market may continue to run weakly in the short term.

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