Price trend:
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According to the data of the business club’s bulk list, the domestic ABS market continued to run strongly in the middle and late November, and the spot price has been adjusted at a high level recently. As of November 24, the mainstream offer price of general-purpose ABS was about 19500.00 yuan / ton, which was 11.43% higher than the average price at the beginning of the month.
Factor analysis:
In terms of styrene upstream of ABS, the mainstream domestic styrene price rose and then declined, showing an inverted “V” trend. On November 16, the price of sample enterprises of business cooperatives was 9266.67 yuan / ton, and on November 24, the price of sample enterprises was 8450.00 yuan / ton, which was 19.86% higher than the average price level at the beginning of the month. At present, crude oil fluctuates widely and the overall price rises. The price of pure benzene rose first and then fell, following the trend of styrene. Before this, the sharp rise in styrene led to a rise in the price of pure benzene. On the 17th, styrene began to fall, and pure benzene also fell. Due to no substantial improvement in demand, the market trading atmosphere turned to be cautious and wait-and-see. It is expected that in the short term, the terminal demand of the traditional off-season will shrink, and the downstream production will continue to reduce. Overall, under the strong spot futures weak trend, styrene followed the trend of futures.
ABS upstream acrylonitrile, recent domestic acrylonitrile prices have increased. Raw material propylene market rise is obvious, manufacturers inventory is controllable, the rise is expected to continue. The rise in the far upstream crude oil was also good for propylene and acrylonitrile. On the supply side, acrylonitrile in stock continues to be in short supply, and it is unlikely to improve in the short term. Business offers generally rose, there is some hype atmosphere. Downstream demand is general, mainly against high price goods. It is expected that the price of acrylonitrile will be stable in the near future.
The domestic butadiene market has maintained a positive trend in the near future, with a steady rise. According to the sample data monitored by the business agency, as of November 24, the mainstream offer price of butadiene was about 9907.50 yuan / ton, an increase of 7.69% compared with the beginning of the month. The external price has strengthened recently, which has a driving effect on the domestic spot price. Domestic petrochemical plants have generally raised their offer to enhance market confidence. With the increase of business quotation, the supply of low-priced goods decreased. Generally speaking, buyers are willing to make an offer in the market, and they are willing to make an offer. It is expected that butadiene will continue to rise steadily in the near future.
At present, the domestic ABS market price is high, and the spot price continues to rise in the near future. The prices of the three upstream materials are up and down. Generally speaking, the support from the cost side is acceptable. In terms of supply, domestic ABS supply is tight and the pattern remains unchanged. Although some brands in the South China market have been reversed, the terminal demand is still strong and the downstream orders are steadily increasing. With the increasing cost pressure of downstream factories, the purchasing operation gradually has a certain resistance to the high price goods, and began to maintain the just needed goods. It is heard that some household appliance factories have taken the initiative to reduce production. With the resistance of trading, the merchants slowed down and increased their offer, but the circulation of goods in the market was tight, ABS fundamentals were relatively stable, and the price center of domestic ABS was still stable.
Future forecast:
Business agency analysts believe that: recent ABS market high finishing, the price of each brand is mutual. The cost side of the upstream three material ups and downs on the ABS cost side of the support is OK. At present, ABS spot supply is still tight, downstream demand is temporarily stable, there is resistance to high price goods. It is expected that the domestic ABS price will be high consolidation in the near future.
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