Analysis of ABS price of plastic raw materials on

Analysis of ABS price of plastic raw materials on December 2

I. brief introduction of the market

abs market is basically stable, and the trading situation has not improved. Traders often choose to wait and see and adjust their prices according to their own conditions. The enthusiasm of downstream factories to enter the market is limited, and the demand is difficult to show a large-scale trend

ps market changed little, and local prices fell. Traders are not willing to operate, and they hold a wait-and-see attitude. It is difficult to mobilize the purchasing enthusiasm of downstream factories. They are hesitant to receive goods, and there is full resistance to deal improvement

II. Brief introduction to the upstream market

crude oil prices rose and fell on Tuesday. Light and low sulfur crude oil futures for January delivery on the New York Mercantile Exchange rose 20 cents, or 0.5%, to $41.85 a barrel. London Intercontinental Exchange (ice) Brent made belt tightening crude oil fall 17 cents, or 0.4%, to $44.44 a barrel

on Tuesday (December 1), the market quotation of styrene in Asia rose, and the price of f0b South Korea rose by $6 to close at $per ton; CFR China rose $6 to close at 893 5 dollars/ton

III. The local market prices

the market quotation is partially downward, the downstream demand is still flat, and the wait-and-see atmosphere is strong

Dongguan ABS market is weak and consolidated, with general market trading. Most supply sources are stable, and Taiwan 15a1 supply sources are temporarily small. The overall transaction is weak

the ABS market in Ningbo is weak, and some prices are slightly soft. The atmosphere of market negotiation is flat, the follow-up of buying is difficult, the supply of goods is abundant, and traders mainly digest inventory

Dongguan PS market is dominated by narrow horizontal trading, with the range of 100 yuan/ton held at Hunan University of science and technology at the annual conference of Hunan fine chemicals and functional materials in, and the market trading atmosphere is weak. The overall market fluctuation is not large. Downstream demand is sluggish, and some brands still give up profits. The downstream inquiry atmosphere is poor and the trading volume is limited

the quotation of Ningbo PS market is temporarily stable, and the trading atmosphere is general. Low cost operation and low market negotiation. Businesses are in a strong wait-and-see mood, and some offers are not much. The market is generally bullish, and the transaction remains small

IV. the latest quotation

1. Petrochemical quotation

the ABS part of CNPC East China was listed for sale after being increased by 50 yuan/ton. The price of 0215a was 9100 yuan/ton, the price of 750A was 9200 yuan/ton, the price of 0215asq was 9050 yuan/ton, the price of 0215h was 9050 yuan/ton, and the price of GE150 was 9050 yuan/ton. The inventory is not high, and the recent shipment is average

the listing of CNPC southwest ABS was stable, with the price of 0215a being 9150 yuan/ton, 750asq being 9150 yuan/ton, h816 being 9050 yuan/ton, 301 being 9050 yuan/ton, GE150 being 9100 yuan/ton, 0215 being accurate to millimeter h being 9100 yuan/ton. The product inventory is normal, and the recent shipment is average

PetroChina East China branch raised the ex factory listing price of Dushanzi Petrochemical PS by 50 yuan/ton, quoted 8050 yuan/ton for benzene penetration 500 and 8200 yuan/ton for benzene HIE. Recent sales are average, and there is not much inventory

PetroChina South China branch did not change the listing price of Dushanzi Petrochemical PS, reporting 8000 yuan/ton for benzene penetration 500 and 8100 yuan/ton for 500N; Hie quotation for benzene conversion is 8200 yuan/ton. The inventory is OK, and the recent shipment is flat

2. Mall quotation

as of 15:00, the quotations of some brands of ABS in China Plastics' spot were mixed, with a range of yuan/ton, of which 0215asq/Jilin Petrochemical lowest reported 9300 yuan/ton (up 100), 275/Huajin Chemical lowest reported 9250 yuan/ton (up 450), ag15a1/Ningbo Taihua lowest reported 9600 yuan/ton (down 300), pa-757k/Zhenjiang Qimei lowest reported 9700 yuan/ton (down 100)

as of 15:00, the quotation of individual brands of GPPS in China Plastics spot fell by 150 yuan/ton, and 525 yuan/ton in Jiangsu Leiden was as low as 8050 yuan/ton

v. future forecast

due to the current negative market, coupled with the weak demand, it is difficult to effectively improve, businesses are mainly bearish in the future, and the spot quotation is mostly reduced. The actual trading is cautious and there is room for negotiation. It is expected that the market trend will continue to decline tomorrow

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean that it agrees with its views or confirms the authenticity of its content. These market competitions are less real