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SunSirs: ABS Daily Review on May 9

May 10 2022 10:27:46     SunSirs (John)

Price trend

In May, according to the monitoring data of SunSirs, the ABS market fell weakly on May 9, and the spot ex-factory price of each brand was lowered.

Analysis review

The upstream three materials market generally weakened, weakening the support for the ABS cost side. The situation in Russia and Ukraine was still unclear, and international crude oil continued to rise. However, the positive transmission effect of the far upstream to the ABS industry chain was not good, and the market was divided. The purchasing operations of downstream users tended to just need to maintain production, and companies and merchants had greater resistance to shipments.

Market outlook

Coupled with the high load of the ABS industry, it is expected that the ABS spot market may continue to run weakly in the short term.

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