1、 Price trend:
According to the data of the bulk list of business agencies, the domestic ABS market rose in the first half of May, and the spot market price rose. As of Thursday, May 14, the main offer price of general-purpose ABS was eleven thousand one hundred and fifty About yuan / ton, compared with the average price at the beginning of the month 4.69% Increase.
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2、 Analysis of influencing factors:
Industry chain: in all upstream aspects of ABS, styrene rose last month driven by the rising market of crude oil and chemical industry. However, public health events led to increased panic in Europe and the United States, and the market fell. On the whole, the market support point is not stable. Since May, styrene has continued its positive trend, but in the near future, there is a surplus of spot circulation, and businesses have begun to let profits go. Downstream demand remained at a general level, and it is expected that styrene will be mainly treated by shock finishing;
Recently, the market trend of acrylonitrile rebounded. At the end of last month, the price of acrylonitrile stabilized, and some enterprises in the site also planned to reduce production to ease the supply pressure. At present, acrylonitrile manufacturers are not willing to ship at a low price, and there is a strong market in the field. However, at present, the mentality of the buyer and the seller is still wait-and-see;
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Domestic butadiene market was slightly sorted out, short-term domestic supplier information guidance was limited, and some businesses focused on external market information guidance. I heard that it is difficult to find the low price of the near ocean cargo, which will give some support to the mentality of domestic merchants. The northern middlemen mainly offer stable prices. Downstream inventory is relatively abundant and market trading is limited. Some merchants in East China wait and see the trend of the external market, and the market offer is relatively strong. The short-term domestic butadiene market is mainly on the waiting list;
3、 Future forecast:
Business analysts think: the ABS market rose in early May, and some brand prices rose. The recent trend of the three upstream materials in terms of cost side is acceptable, with general support for cost side. At present, the spot supply of ABS has shrunk compared with the previous one, and there is resistance to high price goods in the downstream. It is expected that the domestic ABS price will continue to be adjusted in a narrow range in the near future.
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