Analysis of ABS price of plastic raw materials on

Analysis of ABS price of plastic raw materials on March 10

I. brief introduction of the market

abs market trend is generally stable, with some small rises and falls. The market atmosphere is still bland, and traders' adaptability to the market is still the mainstream operation method, while the downstream market demand remains at a low level

the trend of PS market is basically stable, and some of them rise slightly. The downstream receiving is not much, and the traders ship according to the market. The trading is flat, and the performance on the floor is average

II. Overview of upstream market

oil prices rose on Monday, and the settlement price of light and low sulfur crude oil futures delivered on the New York Mercantile Exchange (NYMEX) in April rose 39 cents to $50.00 per barrel, or 0.8%. London Intercontinental Exchange (ice) April Brent crude oil futures settlement price fell $1.20 to $58.53 a barrel, down 2%

on Monday (March 9), the quotation of styrene in Asia fell, FOB South Korea fell $3 to $per ton, and CFR China fell $3 to $per ton

III. local market prices

market quotations fluctuate slightly, downstream demand is still flat, and the wait-and-see atmosphere is strong

in Dongguan ABS market, the mentality of shippers is deadlocked, and the mainstream brand negotiation is mixed. However, the high-level follow-up in the lower reaches was slightly weak, and the negotiations were weak

the wait-and-see atmosphere in Ningbo ABS market is mostly, and some petrochemical enterprises and cargo holders are willing to release goods according to the bill of lading. If the test bench is in the rising position, it will increase slightly, but the follow-up of downstream buying in the field is weak, and the negotiation is trapped in range consolidation

a few of Dongguan PS market are expected to decline, with a range of 50 yuan/ton, and the market trading atmosphere is general. The support of cost is still there, and the offer of merchants is stable as a whole, but I heard that some transaction prices have moved down slightly. The market inquiry atmosphere is poor, and the transaction is less heard

Yuyao PS market was sideways consolidated, with a range of yuan/ton, and the market trading atmosphere was quiet. Yesterday, PS Petrochemical raised its ex factory price, and some traders' offers moved up. However, the circulation of goods in the market is slow, the merchants make small profits, and the shipment situation is more, and the transaction situation is general

IV. in terms of the latest quotation

due to the fixed connection mode

1 Petrochemicals quotation

CNPC North China ABS listing guidance quotation is stable, 0215a Tianjin warehouse quotation is 11600 yuan/ton, 750A Tianjin warehouse quotation is 11700 yuan/ton, 0215h quotation is 11500 yuan/ton, GE150 quotation is 11450 yuan/ton, h816 quotation is 11450 yuan/ton

the current listing price of CNPC southwest ABS is 11700 yuan/ton for 0215a listing, 11650 yuan/ton for 750asq listing, 11550 yuan/ton for h816 listing, 11750 yuan/ton for 0215h listing, and 11700 yuan/ton for 301 listing. The product inventory is normal and the sales are average

PetroChina South China branch is stable in listing Dushanzi Petrochemical PS, reporting 9200 yuan/ton for benzene penetration 500, 9600 yuan/ton for 500N, and 9900 yuan/ton for benzene modification HIE. Inventory is low, and recent shipments are average

the status of the experimental machine and various experimental parameters can be known through the display screen. PetroChina East China branch has a stable ex factory price for Dushanzi Petrochemical PS, with benzene penetration of 500 yuan/ton and benzene modification HIE of 10100 yuan/ton. Recent sales are average, and there is not much inventory

2. Mall quotation

as of 15:00, the quotation of some brands of ABS in China Plastics spot fell by yuan/ton, of which 750A (SQ)/Daqing Petrochemical was at least 12000 yuan/ton (down 200), and ag15e1/Ningbo Taihua was at least 12100 yuan/ton (down 400))

as of 15:00, the quotation of some brands of hips in China Plastics' spot market rose by yuan/ton, of which 688/Jiangsu Leiden was at least 10200 yuan/ton (up 50), 825/Panjin Ethylene was at least 10050 yuan/ton (up 50), and ph-88/Zhenjiang Qimei was at least 10500 yuan/ton (up 100). The quotation of some brands of GPPS in China Plastics' spot market rose and fell, with a range of yuan/ton, of which 158k/youngba styrene was at least 10000 yuan/ton (up 200), rg-525n wear measurement methods have two types/Huizhou Renxin was at least 9100 yuan/ton (down 50), and pg-33/Zhenjiang Qimei was at least 9700 yuan/ton (up 50)

v. future forecast

the market transaction is still relatively general, mainly because the downstream factories do not accept the current price well, and then wait and see. The overall receipt is relatively small, maintaining general procurement. Traders' enthusiasm for speculation has increased, and the market performance of taking goods is average. It is expected that the overall market situation will still be in partial adjustment tomorrow

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