SunSirs: ABS Weekly Market Report (5.21-5.28)
May 29 2023 09:33:56
On May 29, SunSirs ABS benchmark price was 10,600.00RMB/ton, a decrease of -6.61% compared with the beginning of this month (11,350.00 yuan/ton).
Recently, the three materials in the upper reaches of ABS have all fallen, which has not provided good support for the cost side of ABS. Petrochemical plants started fine-tuning at a high level, and the supply of goods in the market continued to be abundant. The support on the demand side is not good, and the overall weak rigid demand pattern is maintained. Superimposed on-site inventory pressure, the mentality of merchants has softened. As the end of the month approaches, the operation tends to give up orders. It is expected that the ABS market will continue to run weakly due to the contradiction between supply and demand in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-29 SunSirs: Banlanced Market, China ABS Market Remained Strong at a High Level at the End of April
- 2024-04-23 SunSirs: Supplier Price Increases, China ABS Market Rises at a High Level
- 2024-04-17 SunSirs: Tight Supply & Strong Costs, China ABS Market Rises at a High Level
- 2024-04-01 SunSirs: Upstream Three Materials Remain Strong, China ABS Market Remains Stable at a High Level
- 2024-03-28 SunSirs: Upstream Three Materials are Strengthening, China ABS Market is steadily Rising in March
