SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Speculation Atmosphere, China ABS Market is Rising

September 14 2022 08:21:55     SunSirs (Selena)

According to the data of SunSirs, the domestic ABS market rose last week, and the spot prices of various brands increased. As of September 9, the average price of mainstream general-purpose ABS offers was about 11,900 RMB/ ton, up or down by +1.71% compared with the price level at the beginning of the month.

Industrial chain: in terms of raw material styrene, the market price of styrene rose last week. At present, the positive and continuous effect of the improvement of the downstream operating rate has strengthened the on-site demand. In addition, the extreme weather this week accelerated the decline of port inventory, styrene went to the warehouse smoothly, the willingness to replenish goods in the middle and lower reaches strengthened, and the spot market rose. However, the price of crude oil fell, the trend of pure benzene was poor, and the cost support of styrene was barely maintained. Generally speaking, the demand has been strongly driven this week, and it is expected that the market performance will continue to be positive in the short term.

Recently, the acrylonitrile market has risen. In the early stage, due to the long-term loose supply of domestic acrylonitrile industry, enterprises took the initiative to reduce their burdens. At present, the total operating rate of acrylonitrile is not high, and the supply of goods has been tightened in stages, which has partially alleviated the supply pressure. Last week, the downstream demand situation warmed up, the start-up of terminal enterprises rose, and the just needed goods strengthened. However, with the strengthening of spot prices or stimulating enterprises to increase their load, the acrylonitrile industry has not yet got rid of the contradiction between supply and demand.

The domestic butadiene price fell slightly after rising last week. During the week, the arrival volume was uneven, with less goods in East China and more goods in port cities. Although the tightening of local supply of goods has strengthened the confidence of sellers, the acceptance of downstream enterprises is limited after the rise of the offer, and the drop in demand suppresses the spot market. It is expected that the domestic butadiene market will shake up in the short term.

Recently, the upstream three materials of ABS cost side have a positive trend, and the support of ABS cost side is good. In terms of industry load, the expected increase in the start-up of some ABS production lines in the early stage was realized, and the on-site supply continued to be abundant, and the pressure on the market at the supply side did not decrease. In terms of demand, there has been a double festival recently. The willingness of downstream enterprises to stock up is strong, and the high-temperature power limitation of some end enterprises is lifted. The market is full of speculation. However, it will take some time for downstream demand to follow the progress, and the rise in on-site offers is mostly caused by the strong mentality of sellers.

The spot market of ABS rose last week, the overall trend of the three upstream materials was positive, and the support for the cost side of ABS was strong. The domestic spot supply is abundant, the demand follow-up in the peak season has not yet been realized, and there is a targeted speculative atmosphere in the market for the double festival stock up fever. It is expected that China ABS spot market will be stronger in the short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Related Information
Energy
Chemical
1,3-butadiene | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products