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SunSirs: China ABS Market Consilidated in a Narrow Range
December 26 2022 11:54:30SunSirs(Selena)

Last week, the domestic ABS market fluctuated with limited price changes. According to the data monitoring of SunSirs, the average price was 11,750 RMB/ton on December 23, with a range of - 0.42%.

In terms of raw materials, the three upstream ABS materials have risen and fallen in recent years, and the overall performance is average. Among them, acrylonitrile market rose by a narrow margin. Since December, the manufacturer's listing price has been gradually lowered, and the merchant's offer has declined. Last week, due to the independent reduction of the burden of enterprises and the gradual digestion of the supply of goods, the price hit the bottom and recovered. However, the current supply pressure is still high, and the increase of acrylonitrile may be limited.

Recently, the domestic butadiene market has risen. First of all, after the consumption in the early stage, the traders have less supplies. At present, the supply of butadiene is expected to be reduced. In addition, the news of new units being put into production has been boosted, and the spot market has improved. The downstream continues to meet the demand, and the entrustment is general.

Recently, the mainstream price of styrene in Shandong has fluctuated. The pure benzene market was weak and consolidated, and the cost support was average. The downstream operating rate was hardly high due to the impact of public health events. The just needed support was limited, but the overall support was firm. It is expected that the short-term styrene market will be dominated by strong finishing.

In terms of supply: last week, the ABS industry's load was at a high level, and the current plant commencement was stable, and the supply of goods on the site continued to be abundant. Enterprises are under a certain degree of supply pressure, and the ex factory price is under pressure.

Demand: At present, downstream factories, including the main terminal household appliances industry, are preparing goods step by step, and the demand for goods preparation on the market before the festival has been carried out, and the delivery has gradually improved. However, the buyer's wait-and-see mood remained unchanged. The merchants followed the trend of the market, and the total inventory of ABS decreased slightly.

Last week, the trend of the three upstream materials of ABS was mixed, and the support for ABS cost side was fair. The petrochemical plant started at a high level, with stable weekly output and pressure on the supply side. The improvement on the demand side is limited, and the seller's offer is firm. It is expected that China ABS market will maintain consolidation and operation in the short term.

 

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