Price trend:

According to the bulk list data of business society, the domestic ABS market recovered in mid January, and the spot prices of various brands increased. As of January 21, the average price of mainstream offer of general-purpose ABS was about 14600 yuan / ton, up or down – 1.68% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: the overall fluctuation of raw material styrene has increased recently. Due to the strong market of crude oil and pure benzene, the follow-up speed of on-site demand did not match, weakening the rise of styrene. Overall, the cost of styrene is firmly bottomed, and the market may be easy to rise but difficult to fall.

The price of acrylonitrile mainly fluctuated and consolidated this week. In the early stage, the newly put into operation equipment was shipped, and the supply increased, which was bad for the spot market. At present, the price of some acrylonitrile has fallen to the psychological price of buyers, and the downstream textile enterprises have followed up, and the trading has improved. However, the stock preparation before the festival has gradually ended, and the future trading is expected to decrease.

The rise of domestic butadiene market slowed down this week. The rise of the market boosted the enthusiasm of merchants to ship, but the downstream purchase intention gradually decreased, and the poor transaction dragged down the market focus. The sudden news of domestic devices and the continuous high support of the external market may affect the return speed of butadiene market to a certain extent. However, the northern export manufacturers still have a certain supply export plan before the festival, and the downstream retail transactions have gradually weakened.

The overall upstream market of ABS is general, and the cost side support of ABS is acceptable. In terms of industry load, the operating rate of domestic ABS enterprises changed limited this week. In addition, there were new production capacity of polymerization plants in the early stage, the overall supply was high and the prognosis was abundant. The operating rate of the industry has been on the high side for a long time, the inventory of enterprises and society has accumulated, and businesses cut prices and take orders. Recently, there have been bargain hunting follow-up operations on the downstream demand side. Before the Spring Festival, the demand for spare parts is higher, and the supply of low-priced goods on the site is reduced.

Future forecast:

Business analysts believe that the spot market of ABS stopped falling and rose in mid January, the overall trend of the three upstream materials is general, and the support for the cost side of ABS is OK. The domestic spot price is mainly dragged down by the high load and abundant supply of the industry. However, there is a large demand this week, and the trading of low-cost goods in the market has improved. It is expected that the spot market of ABS may still have limited changes before the Spring Festival.