1、 Price trend:
According to the data of the bulk list of business agencies, the ABS market was stable in the middle of January, and the spot price in the domestic market rarely adjusted. As of January 17, the main offer price of general-purpose ABS was about 13500.00 yuan / ton, which almost ran across the board in a week, without any rise or fall.
| Thiourea dioxide |
2、 Analysis of influencing factors:
Industry chain: in all upstream aspects of ABS, the price of styrene was stable this week, and the support of styrene cost was weakened due to the dramatic fluctuation of international crude oil trend last week. Upstream, pure benzene was temporarily stable, ethylene rose sharply, and production cost support still existed. The downstream PS and EPS are stable. The downstream enterprises are cautious in purchasing raw materials and continue to digest the raw material inventory. With the price reduction of the upstream factory, the downstream replenishment demand is acceptable. The oil market fell slightly, while the US gold market rose, and the peripheral guidance for styrene was still good. Domestic production enterprises are stabilizing, and they have followed the market to adjust the quotation operation. The wait-and-see atmosphere of the merchants in the market is aggravating, the downstream terminal digestion is under pressure, and the receiving intention is weak. Market bearish sentiment spread. The whole styrene market lacks strong support point;
This week, the spot market of acrylonitrile related products lacked good news and was relatively weak. The recent tight spot supply has a certain supporting effect on the price of acrylonitrile, but with the realization of the restart of some manufacturers’ devices, the supply gap of raw materials for their contracted customers has decreased, and there is a downward trend of downstream purchasing enthusiasm in the field. The traders offer cautiously, making more trades with lower profits;
| Thiourea |
The domestic butadiene market has been in a narrow range recently. On the positive side, the start of the synthetic rubber industry was ok, and the replenishment of positions in the downstream before the festival had certain support for the market. Due to the weather, the outflow of Jiutai and Ning coal sources was limited. On the negative side, East China is relatively abundant in spot goods, with limited transaction follow-up, and the northern supply side is cautious. In recent days, the weather has affected the circulation of goods in the north, and the spot performance in Shandong market is slightly tight. However, East China is relatively abundant in goods, and the later cargo is still replenished in Hong Kong, so the supply side is not sustainable. As the Spring Festival holiday approaches, some of the downstream stores may follow up, but the supply of goods from Fushun and Northwest China is unclear, and some businesses are cautious;
3、 Future forecast:
Business analysts believe that: in mid January, the ABS market was stable and the spot prices of various brands were mostly unchanged. Cost side of the upstream three expect to rise and fall this month, general support for the cost side. The spot supply is more sufficient than last month. With the enrichment of spot goods in the field, the purchase follow-up of downstream factories is insufficient, and the mentality of merchants begins to turn weak, and the delivery is mainly on the market. It is expected that the domestic ABS market will be dominated by the whole market in the near future. It is suggested to pay close attention to the trend of cost side.
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