Analysis of ABS price of plastic raw materials on

February 22 ABS price analysis of plastic raw materials

I. brief introduction of the market

abs market is generally stable, and the quotations of some brands are slightly adjusted. As the downstream demand of the market is flat, the market trading continues to be in a stalemate

the overall atmosphere of the PS market is relatively flat. The quotation in the city is partially upward, and the merchants mainly take goods. Although traders' willingness to turn waste into treasure is relatively strong, from the perspective of market transactions, trading changes are still limited

II. Brief introduction to the upstream market

oil prices fell on Friday. WTI light and low sulfur crude oil futures for March delivery on the New York Mercantile Exchange (NYMEX) fell $1.13 to $29.64 a barrel, down 3.7%. London Intercontinental Exchange (ice) April Brent crude oil futures fell $1.27 to $33.01 a barrel, down 3.7%

on Friday (February 19), the quotation of Styrene Market in Asia was stable, and the price of f0b South Korea remained stable to close at 969 5 dollars/ton; CFR China price remained stable and closed at 994 5 dollars/ton

III. local market prices

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

Dongguan ABS market offers higher, rising raw material prices and higher replenishment costs push up traders' offers, downstream factories follow up slowly, and transactions are relatively flat. The overall supply of goods is abundant, and individual brands are slightly tight

the market price of Yuyao ABS was partially higher, the market negotiation was general, and some low-end offers withdrew from the market, but the transaction follow-up was slow. The supply of most goods is normal, and a few are tight

Dongguan PS market partially increased by yuan/ton, and the market trading atmosphere was flat. The strong performance of the upstream market slightly increased the offer. However, the sluggish atmosphere on the demand side is difficult to change, and some quotations have also declined

the PS market in Ningbo is on the sidelines for the time being, and the negotiation atmosphere is flat. For some quotation references, Leiden 525 is quoted at 8400 yuan/ton, 666h and 1841h are out of stock, 5250 is out of stock, and 8250 is quoted at 8700 yuan/ton, which is actually in negotiation space. 5250 the supply is tight, and the market offer is difficult to find. Waiting for further guidance from the news, the market was mainly in wait-and-see mood, and the transaction was flat

IV. the latest quotation

1. Petrochemical quotation

the listing price of CNPC East China ABS has been increased by 50 yuan/ton, 750A to 9500 yuan/ton, 150 to 9400 yuan/ton. Other quotations are stable. The price of 0215a is 9400 yuan/ton, the price of 0215asq is 9400 yuan/ton, and the price of 0215h is 9400 yuan/ton. Inventory is low, and recent shipments are average

the listing price of CNPC South China ABS stabilized. The price of 0215a is stable at 9400 yuan/ton, and that of 750asq is stable at 9500 yuan/ton. The price of ge-150 is raised to 9400 yuan/ton, the price of 0215asq is raised to 9500 yuan/ton, and the price of 0215h is 9400 yuan/ton. Inventory is not high, and sales are basically normal

PetroChina East China branch raised the ex factory listing price of Dushanzi Petrochemical PS, increased benzene 500 by 100 yuan/ton to 8300 yuan/ton, and increased benzene hie by 50 yuan/ton to 8300 yuan/ton. Recently, the sales to Eastern Europe, Southeast Asia and South America are generally distributed, and the inventory is not large

PetroChina North China branch raised the PS part of Dushanzi petrochemical, increased benzene 500 by 100 yuan/ton to 8300 yuan/ton, and changed benzene hie to 8150 yuan/ton, which is the price of Tianjin warehouse. The prices of Beijing warehouse, Hebei warehouse, Shanxi warehouse and Henan warehouse are the same as those of Tianjin warehouse. Shandong warehouse and Wuhan warehouse are 30 yuan/ton higher than Tianjin warehouse

2. Mall quotation

as of 15:00, the quotations of some brands of ABS in China Plastics' spot have been mixed, with a range of yuan/ton, of which 0215a/Jilin Petrochemical lowest reported 9500 yuan/ton (down 500), 275/Shanghai Gaoqiao lowest reported 9100 yuan/ton (up 50), 750a/Daqing Petrochemical lowest reported 9500 yuan (down 500), dg-417/Tianjin Dagu lowest reported 9450 yuan/ton (down 350), ge-150/Jilin Taihua lowest reported 9400 yuan/ton (down 600), Pa-757k/Zhenjiang Qimei lowest reported 10000 yuan/ton (up 100)

as of 15:00, the quotation of individual brands of hips in China Plastics' spot rose by 100 yuan/ton, and ph-88/Zhenjiang Qimei lowest reported 9000 yuan. Fdme production technology claims to produce higher production, but there is no unified standard; There are huge differences in the standards adopted by various regions and lower energy and cost

v. future market forecast

traders are cautious in trading. The downstream purchase intention is not high, mainly with the use and purchase, and the transaction performance is average. It is expected that the market will maintain the consolidation trend tomorrow