Analysis of ABS price of plastic raw materials on

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June 17 ABS price analysis of plastic raw materials

I. brief introduction of the market

abs market quotation individual Hexion and Fraunhofer Engineering Center have launched a small decline in the joint development of a series of composite material production technologies. In the spot market, the trading volume is limited, most merchants operate cautiously, and the market atmosphere is flat

the overall trend of PS market has not improved significantly, and the pattern of narrow adjustment continues to be maintained. In the case of long-term on-demand procurement in the downstream, the demand is difficult to enlarge, and many businesses operate cautiously, mainly in the short term

II. Brief introduction to the upstream market

the price of U.S. crude oil futures rose on Tuesday. The settlement price of light and low sulfur crude oil futures delivered in July on the New York Mercantile Exchange rose 45 cents, or 0.8%, to $59.97 a barrel. The settlement price of Brent crude oil futures delivered in August on the London ice exchange fell 25 cents, or 4%, to $63.7 a barrel

on Tuesday (June 16), the quotation of styrene in Asia fell, the FOB South Korea price fell by $22 to $per ton, and the CFR China price fell by $22 to $per ton

III. local market prices

market quotations are stable and small, downstream demand is still flat, and the wait-and-see atmosphere is strong

the ABS market in Dongguan has been adjusted in a narrow range, and the price fluctuation range is limited. There was a strong wait-and-see atmosphere in the market, and the transaction remained small. The supply of most domestic goods is stable

part of Ningbo ABS market is stable and slightly soft, the inquiry atmosphere is weak, and there is resistance to the transaction of some sources of goods. Merchants maintain a flexible way of sales, with most of the supply of goods being normal and some of the supply of materials being tight

Dongguan PS market is stable and small, and individual materials fluctuate slightly, with a range of 50 yuan/ton. The terminal demand is still steel for the reinforcement and stressing of concrete test methods -- Part 3: the stressing steel is weak, the actual transaction on the floor needs to be improved, the merchants' shipment is still weak, and their mentality is unstable

some PS markets in Ningbo are stable and slightly soft, and the negotiation atmosphere is flat. Leiden 525 offers 10950 yuan/ton, 666h and 1841h are out of stock, 5250 offers 11400 yuan/ton, 8250 offers 11400 yuan/ton, and there is room for negotiation. The price of raw materials supports the market. The supply of some ordinary materials is tight, but there is resistance to the shipment of some materials, and some prices of merchants have room for negotiation. The downstream inquiry atmosphere is weak and there are not many transactions

IV. the latest quotation

1 Petrochemicals quotation

most of CNPC East China ABS pricing stabilized, with individual reductions. The price of 0215a is stable at 12000 yuan/ton, the price of 750A is reduced by 100 yuan/ton to 11900 yuan/ton, the price of GE150 is stable at 11700 yuan/ton, the price of 0215asq is stable at 11750 yuan/ton, and the price of 0215h premium products is stable at 11700 yuan/ton. The inventory is not high, and the recent shipment is average

the price of CNPC South China ABS is stable. 0215a is priced at 11900 yuan/ton, 750A at 12000 yuan/ton, ge-150 at 11700 yuan/ton, and 0215asq at 11700 yuan/ton. The inventory is normal, and the shipment is average

there are eye-catching warning signs such as "high voltage danger", "no admittance" and so on

PetroChina East China branch stabilized the ex factory pricing of Dushanzi Petrochemical PS, reporting 10500 yuan/ton for benzene penetration 500 and 10600 yuan/ton for benzene conversion HIE. Recent sales are average and inventory is normal

PetroChina South China branch has a stable pricing for Dushanzi Petrochemical PS, with benzene penetration 500 quoted at 10200 yuan/ton, 500N quoted at 10300 yuan/ton, and benzene modified hie quoted at 10200 yuan/ton. Low inventory, recent a1=......................... The rising spectrum calculation formula is generally shipped

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 lowest reported 12100 yuan/ton (down 100), 8391/Shanghai Gaoqiao lowest reported 11950 yuan/ton (down 100), ag15a1/Ningbo Taihua lowest reported 12150 yuan/ton (down 50), dg-417/Tianjin Dagu lowest reported 11600 yuan/ton (down 100)

as of 15:00, the quotation of some brands of hips in China Plastics' spot fell by 50 yuan/ton. Among them, the lowest price of 825/Panjin Ethylene was 10700 yuan/ton (down 50), and the lowest price of hp825/Jiangsu saibaolong was 10950 yuan/ton (down 50)

v. future forecast

due to the soft upstream and downstream demand, the support of the spot market is slightly insufficient, and the market will inevitably continue to consolidate steadily. It is expected that the overall trading volume of the market will be weak and stable in the future

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