SunSirs: Daily Review on ABS on April 26
April 27 2022 14:38:03 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the ABS market fell weakly on April 26, and the spot ex-factory prices of various brands were lowered.
Analysis review
The upstream three materials market generally weakened, weakening the support for the ABS cost side. The situation in Russia and Ukraine has become increasingly tense in recent days, causing many oil fields to be closed and crude oil to fluctuate. However, the effect of price transmission to the ABS industry chain was general, and the market diverged greatly. The impact of the domestic epidemic on logistics in East China is still ongoing, and the resistance of enterprises and merchants to shipments remains unabated, and the purchasing operations of downstream users tend to maintain production on rigid needs.
Market outlook
To sum up, coupled with the high load of the ABS industry, it is expected that the ABS spot market may continue to run weakly in the short term.
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