Analysis of ABS price of plastic raw materials on

Analysis of ABS price of plastic raw materials on March 9

I. brief introduction to the market

some brands in the ABS market rose and fell slightly. The actual transaction is not ideal. For the current market trend, the downstream is mainly on the sidelines, and the trading order continues to be deadlocked

ps market trend fluctuated slightly. Merchants are not clear about the market trend in the later stage, so the quotation began to callback, mainly based on the market operation. The 4-point zigzag testing machine for ceramic membrane purchased by downstream factories meets the standard: the condition is general, and the market support is insufficient

II. Brief introduction to the upstream market

the international crude oil futures price fell sharply on Tuesday. The settlement price of the New York Mercantile Exchange (NYMEX) U.S. benchmark WTI light and low sulfur crude oil futures in April fell by $1.40 to 36 nanometers per barrel, which refers to additives with particle sizes in the range of 1~100nm US $50, down 3.7%, and the settlement price of May Brent crude oil futures, the global benchmark of the Intercontinental Exchange in London (ice), fell US $1.19, or 2.9%, to US $39.65 a barrel

on Tuesday (March 8), the market quotation of styrene in Asia fell, and the price of f0b South Korea fell by $12 to close at 1115 5 dollars/ton; CFR China prices fell $12 to close at 1140 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

part of Ningbo ABS market weakened slightly, mainly through negotiation of firm offer. The market buying was weak, the trading was deadlocked, and the middleman's shipping resistance increased. Most supplies are abundant

with the rapid development of industrialization and the sharp increase of urban population, Dongguan ABS' general material offer in the market declined by yuan/ton, and the price change of special materials was limited. The market negotiation atmosphere is general, most profit taking tends to cash out, but the buying is more cautious, and there are not many transactions for the time being. Middlemen are in sufficient supply

Dongguan PS market fell steadily, with a decline of yuan/ton, and the market trading atmosphere was weak. The high level of raw material styrene fell, traders took profits, and PS prices followed a slight decline, stimulating shipments. But the downstream sees more and moves less, and there are not many actual orders

the quotation of PS market in Ningbo is stable, and some brands are closed. Leiden 525 reported 9900 yuan/ton, 666h and 1841h were out of stock, 5250 reported 10100 yuan/ton, 8250 reported 10200 yuan/ton, and the actual room for negotiation. The upstream shock callback aggravated the wait-and-see mood of businesses. Traders are mainly on the sidelines, and they have not heard much about transactions

IV. the latest quotation

1. Petrochemical quotation

CNPC East China ABS pricing is stable, with 0215a price of 10800 yuan/ton, 0215asq price of 10800 yuan/ton, 0215h price of 10800 yuan/ton, GE150 price of 10750 yuan/ton, 750A price of 10900 yuan/ton. Inventory is low, and recent shipments are average

the listing price of CNPC South China ABS is stable. At present, the price of 0215a is 10800 yuan/ton, 750asq is 10800 yuan/ton, ge-150 is 10800 yuan/ton, 0215asq is 10800 yuan/ton, and 0215h is 10800 yuan/ton. Inventory is not high, sales are normal

PetroChina East China branch maintained stable ex factory pricing for Dushanzi Petrochemical PS, reporting 9700 yuan/ton for benzene penetration 500 and 9800 yuan/ton for benzene conversion HIE. Recent sales are average, and there is not much inventory

the listing price of PetroChina South China branch for Dushanzi Petrochemical PS remains unchanged. The price of benzene penetration 500 is 9700 yuan/ton, 500N is 10100 yuan/ton, and the price of benzene change HIE is 9900 yuan/ton. The inventory is OK, and the recent shipment is average

2. Mall quotation

as of 15:00, the quotation of some brands of ABS in China Plastics' spot market has been mixed, with a range of yuan/ton, of which 0215h/Jilin Petrochemical lowest reported 10950 yuan/ton (up 50), 275/Huajin Chemical lowest reported 9500 yuan/ton (down 200), 750a/Daqing Petrochemical lowest reported 10900 yuan/ton (up 100), hi-121h/lg Yongxing lowest reported 11800 yuan/ton (up 600), In addition to the use of TR in traditional cars -558ai/lg chemical reported a minimum of 14500 yuan (down 100)

v. future forecast

there is no major change in supply and demand, and the downstream continues to be dominated by demand. It is expected that the prices of some brands in the market may still rise