Price trend:
According to the data of the bulk list of business agencies, ABS market rose first and then fell in the first half of April, and the price of each brand product rose and fell. As of April 14, the mainstream ABS offer of general-purpose ABS fell below the level of the beginning of the month. At present, the average price is about 18250 yuan / ton, which is 0.27% lower than the average price level in early April, with a 60.09% increase year on year.
Factor analysis:
In terms of raw materials, styrene has been operated in the first ten days of April. The positive effects of macro inflation and domestic demand expectations still play a role in the market. In addition, the enterprise equipment was overhauled at the end of last month, and the replenishment volume at the end of the month, many factors stabilized the styrene market. But domestic supply has recovered at the beginning of the month, which has depressed spot prices on the site. Port cargo also has the operation of warehouse, leading to weak operation of the inventory. The recent futures rise has boosted spot, small single trading is more smooth, styrene is expected to stop falling up.
In the case of butadiene, the market has been down in the near future, and the price has fallen again and again. The closing price of the external market declined significantly, and the factory quotation of major manufacturers was continuously lowered. Domestic spot supply is still relatively abundant, some suppliers continue to give way to the single operation, the center of offer is down. Although some businesses are affected by the high cost of holding positions and not intended to be lower, the market investment power is slightly insufficient under the drag of supply side. The butadiene market will be in a downturn in the short term.
At present, the overall trend of ABS cost end is not good, and the support for ABS spot price is weakened. The current market continues the supply increase in the petrochemical industry due to the high opening rate of petrochemical enterprises last month. But in the late last month, the demand of household appliances industry was large, which eased the contradiction between supply and demand, and stabilized the basic aspect of ABS. With the further abundant supply of goods in the site and the strengthening of market competition, the purchasing side’s resistance to high price goods gradually increases. In recent 50 days, ABS market is in cyclical vibration, and the price amplitude range is not large. The business agency data division thinks that the current ABS market is generally in the high-level and stable order and operation of supply and demand law.
Post market forecast:
Analysts from business society think: ABS market in early April rose and fell back to the early month level. The trend of raw materials is weak, and the support for ABS cost side is weakened. The continuous high construction rate in the near future has completely improved the early shortage pattern, and also strengthened the competition in the field. At present, the goods in the site are abundant, and the downstream factory needs to purchase for maintenance. The increase of buyers’ resistance is the main factor of price decline in recent two days. It is expected that domestic ABS prices will maintain high prices.
| Thiourea |