SunSirs: Daily Review on ABS on April 6
April 07 2022 10:15:03 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the ABS market was sideways on April 6, and the spot ex-factory prices of various brands increased.
Analysis review
The upstream three material prices are mixed, and the overall support for the ABS cost side is acceptable. In terms of news, there was no substantial progress in the situation in Eastern Europe, and the market's large differences in international crude oil prices led to turbulent operation, but it was still at a high level. The domestic health incident rebounded, and the resistance of enterprises and merchants to shipments did not decreased. The purchasing operations of downstream users were biased towards maintaining production when they were just in need, bought on dips, follow-up was limited, and ABS industry load was high.
Market outlook
It is expected that the ABS spot market may be blocked from rising in the short term.
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