The hottest absps demand is not satisfactory, and

2022-07-27
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[abs/ps] the demand is not satisfactory. The market is stable, with a small decline.

I. brief introduction to the market

abs market trend is generally stable, with a small decline in some brands. Traders mainly digest their inventory, with low supply and low intention to build positions. The recent downstream demand is also unsatisfactory. It is difficult for businesses to operate, and the trading volume is limited. At present, the latest mainstream quotation of domestic ABS is yuan/ton, and the mainstream quotation of imported ABS is yuan/ton

II. Brief introduction to the upstream market

the price of light crude oil futures for November delivery on the New York Mercantile Exchange fell 139 cents to close at US $89.98 per barrel; In October, Brent crude oil futures fell $0.41 to settle at $110.04 a barrel

on Wednesday (September 26), the Asian styrene market continued to rise, FOB Korea USD/ton, up 7 USD/ton compared with the previous trading day. CFR China rose to USD/ton, up 12.5 USD/ton compared with the previous trading day

III. local market conditions

today, the abs/ps market offer is stable and low, and the transaction is flat. The matters needing attention in the measurement of downforce testing machine and the selection of fixture are very important. The factory mainly purchases small orders and takes them with you

most ABS markets in Ningbo are stable and the atmosphere is flat. The middlemen's mentality is stable and there are not many transactions. Weak demand from downstream factories

the ABS market in Dongguan has weakened slightly. The pace of transaction is slow, and the downstream factories mainly purchase small orders

the PS market in Shantou rose slightly, the supply of goods was normal, most of the operators were cautious about the current price, the trading intention was not high, and the transaction performance was poor. Downstream enterprises purchase on demand

the offer in Dongguan PS market was stable, and the insiders were in a strong wait-and-see mood. The operation was carried out by the qualified assembly department once, and the transaction performance was weak. The downstream enterprises of the terminal continue to purchase according to the order

IV. the latest quotation

1. Petrochemical quotation

the cost of raw materials rose sharply in October, and the current factory inventory continued to be tight. LG Yongxing ABS continued to close its offer. For the post holiday market, the manufacturer has a strong intention to continue to raise prices. Previously, the ex factory quotation of 121h was 16600 yuan/ton

about 70% of Zhenjiang Qimei ABS unit has been started. The friction is relatively large and the service life is short. The clearance of the latter is small. Today, the ex factory price is stable. 707k is quoted at 16000 yuan/ton to achieve a wide range of conditioning of the experimental speed, and 757K is quoted at 16200 yuan/ton. In the near future, we will mainly deliver early orders

the operating rate of Changzhou Xinhu ABS unit is about 90%. Today, the ex factory price is stable, and ac-800 is quoted at 15800 yuan/ton. The manufacturer's shipment is normal and the inventory is low

today, CNPC South China ABS pricing continued to stabilize, with 0215a reporting 15700 yuan/ton and 750A reporting 15600 yuan/ton. The manufacturer's sales are normal and the inventory is low

2. Quotation of the mall

as of 15:00, some brands of China Plastics' spot ABS had fallen more than rose, with a range of yuan/ton,

of which 301/Lanzhou Petrochemical had a minimum price of 16500 yuan/ton (up 400), 750nsw/South Korea Jinhu had a minimum price of 15700 yuan/ton (up 100), ch510/Panjin Ethylene had a minimum price of 15450 yuan/ton (down 50), dg-417/Tianjin Dagu had a minimum price of 15500 yuan/ton (down 100), hi-121h/lg Yongxing had a minimum price of 16000 yuan/ton (up 100), Pa-747s benbai/Taiwan Qimei minimum reported 18800 yuan/ton (up 300), pa-757/Taiwan Qimei minimum reported 15850 yuan/ton (up 50), pa-757k/Zhenjiang Qimei minimum reported 16200 yuan/ton (up 100)

v. future forecast

the crude oil market once again became the focus of the market due to the European debt crisis, and the price fell sharply, falling below the psychological threshold of 90. In the short term, the ABS market lacks upward momentum, mainly depending on downstream demand

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