Analysis of ABS price of plastic raw materials on

November 6 ABS price analysis of plastic raw materials

I. brief introduction of the market

abs market continued yesterday's trend, with a dull market atmosphere and poor trading. Coupled with the continued weak demand of domestic downstream enterprises, the market will continue to be in a weak consolidation state

the overall atmosphere of the PS market is flat and the transaction is average. The unit price fluctuates slightly, which has limited support for the market. Due to the weak cost side, the market is not stable enough, and merchants' shipments are limited

II. Overview of the upstream market

crude oil futures prices fell sharply on Thursday. The settlement price of WTI crude oil futures for December delivery on the New York Mercantile Exchange (NYMEX) fell $1.12 to $45.20 per barrel, down 2.4%. The settlement price of December Brent crude oil futures on the London Intercontinental Exchange (ice) fell 60 cents, or 1.2%, to $47.98 a barrel

on Thursday (November 5), the market quotation of styrene in Asia fell, and the price of f0b South Korea fell by US $2 to close at US $per ton; CFR China prices fell $2 to close at $per 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 partially fell, with relatively light trading, stable market supply and weak shipment

a few offers in Ningbo ABS market are slightly soft, market negotiations follow-up is slow, and middlemen are not enthusiastic about trading. The supply of goods is relatively stable

part of Dongguan PS market declined slightly, with a range of less than 50 yuan/ton, and the market trading atmosphere was weak. Crude oil and monomer prices fell, dampening business confidence. Coupled with the continued downturn in downstream demand, the offer of some brands continued to decline. The market shipment is weak, and the mentality of merchants is relatively low

the PS market in Shantou weakened slightly, with a range of yuan/ton. Crude oil and styrene continued to fall, which frustrated market confidence. However, the ex factory price of PS manufacturing enterprises has not been adjusted. I heard that the wait-and-see mentality of merchants is dominant, and the quotation has not changed significantly for the time being. Lack of downstream cooperation, supply circulation is still sluggish

IV. the latest quotation

1. Petrochemical quotation

CNPC East China ABS pricing is stable, with 0215a price of 9500 yuan/ton, 750A price of 9500 yuan/ton, 0215asq price of 9400 yuan/ton, 0215h price of 9400 yuan/ton, GE150 price of 9400 yuan/ton 26 Host size: 700*420*1510mm. The inventory is not high, and a sample size of 10 (7.5,5) has been sold recently × ten × 55

the ABS price of PetroChina Northeast branch is stable. Today, the price of 0215a (Jilin Petrochemical) is 9500 yuan/ton, the price of 750A (Daqing Petrochemical) is 9500 yuan/ton, and the price of 150 (Jilin Petrochemical) is 9300 yuan/ton. The inventory of the enterprise is not large, and the recent shipment is general

PetroChina East China branch reported a stable ex factory listing price of Dushanzi Petrochemical PS, 8100 yuan/ton for benzene penetration 500 and 8500 yuan/ton for benzene modification HIE. Recent sales are average and inventory is not high

PetroChina South China branch lowered the price of Dushanzi Petrochemical PS, reduced benzene 500 by 50 yuan/ton to 8250 yuan/ton, 500N to 8550 yuan/ton, and changed benzene hie by 100 yuan/ton to 8600 yuan/ton. The inventory is OK, and the recent sales are average

2. Mall quotation

as of 15:00, the quotation of some brands of ABS in China Plastics' spot fell by yuan/ton, of which ge-150/Jilin Petrochemical reported a minimum of 9, meeting the impact test requirements of building safety interlayer of 450 yuan/ton (down 150), ag15e1/Ningbo Taihua reported a minimum of 10100 yuan/ton (down 200), hi-1 because most printed electronic components will rely on organic materials, 21h/lg Yongxing reported a minimum of 9850 yuan/ton (down 50)

as of 15:00, the quotation of some GPPS brands in China Plastics' spot fell by yuan/ton, of which 525/Jiangsu Leiden was the lowest at 8150 yuan/ton (down 430), and gpps-500/Dushanzi Petrochemical was the lowest at 8200 yuan/ton (down 100)

v. future market forecast

due to the lack of positive incentives, the overall performance is flat, and the terminal demand is still not high, so the transaction is difficult to improve. The market is expected to stabilize next week

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