SunSirs: Raw Materials and Ddemand are Weak, China ABS market Goes into Off-season

According to the data of SunSirs, the ABS market is generally weak in the near future, and most brands of products have been reduced. As of May 26, the average price of general ABS mainstream offer was about 18,300 RMB/ ton, which was 0.41% lower than that in early April and 52.50% higher than that in the same period of last year.

Recently, the raw material styrene market has obviously weakened, and it is expected that the market will continue to be weak in the short term. As for upstream butadiene, the domestic butadiene market has been mainly consolidated recently.

ABS cost side market fluctuates, the overall support for ABS cost side weakened. In addition, the market is dominated by the bad external market, which has a drag on the domestic spot price.

SunSirs analysts believe that, ABS spot market declined recently, the current price position has fallen below the price level at the beginning of the month. The trend of raw materials has its own ups and downs, among which styrene has a larger decline, and the overall cost side of ABS is bad. The current round of ABS decline is due to both the factors of falling styrene and the increasing resistance of off-season shipment in the industry. Superimposed on the external market is also negative dominated, it is expected that the recent ABS spot market may continue to be short in China.

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