Price trend:

According to the data of the business club’s block list, the ABS market was in a high position in early March, and the spot prices of various brands had a slight correction. As of March 5, the mainstream offer price of general-purpose ABS was around 18550 yuan / ton, with a decrease of 0.80% compared with the average price at the beginning of the month and a rise of 7.54% compared with the same period last month.

Factor analysis:

In terms of upstream styrene of ABS, the domestic market rose sharply in February and began to fall in March. During the Spring Festival, international crude oil prices continued to be positive, and styrene cost support was strong. Pure benzene port inventory decline, good styrene trend. On the supply side, the international styrene supply remains tight, but the domestic export arbitrage space is good, and the import is at a low level. 3. There is a centralized maintenance plan for Asian plants in April, so it may be difficult to quickly restore supply in the future, which will continue to improve the price of styrene. At present, the domestic downstream demand is not ideal, traders said that the atmosphere of on-site trading is not good, and the price rise of styrene at the beginning of this month is hindered. Domestic market long short confrontation, into the finishing market.

In early March, butadiene maintained a positive trend in the domestic market. The domestic bulk market price is rising, and butadiene market is rising. The widening price gap between downstream synthetic rubber and butadiene also provides obvious space for butadiene price to rise. At present, the short-term supply of domestic butadiene is relatively abundant, and the purchasing atmosphere of downstream raw materials is relatively low due to inventory replenishment before the festival. With the outflow of some profit-making sources, the rise of the market may be restrained to a certain extent.

At present, the cost side of ABS fluctuates, the rising market of ABS is blocked, and the spot price falls slightly. The supply of domestic ABS has not been heard of obvious surplus, and the supply of some brands is even tight in the early stage. With the tightening supply of crude oil and chemical bulk products, the strong outside and the weak inside of the disk are all positive for the domestic ABS. At present, the spot price of ABS is relatively high, and the downstream users are generally resistant. Floor turnover contraction, the number of dealers dropped operations increased.

Future forecast:

Business analysts believe that: in early March, ABS market high consolidation, the brand offer a small decline. There are ups and downs in the cost side, and the support for ABS cost side is acceptable. There is no excess of spot supply, downstream factories maintain just need to purchase, and there is resistance to high price goods delivery. It is expected that the domestic ABS price will continue to recover slightly.