According to the data of SunSirs, the domestic ABS market continued to run strongly in the middle and late November, and the spot price has been adjusted at a high level recently. As of November 24, the mainstream offer price of general-purpose ABS was about 19,500.00 RMB/ ton, which was 11.43% higher than the average price at the beginning of the month.
ABS upstream, the domestic mainstream price of styrene rose and then declined, showing an inverted "V" trend. On November 16, the price of sample enterprises of business cooperatives was 9,266.67 RMB/ ton, and on November 24, the price of sample enterprises was 8,450.00 RMB/ ton, which was 19.86% higher than the average price level at the beginning of the month. Recently, the price of domestic acrylonitrile has increased. The market of raw material propylene is rising obviously, and the inventory of manufacturers is controllable. It is expected that the price of acrylonitrile will be stable in the near future with small changes. Butadiene market has maintained a positive trend in the near future, with a steady rise. According to the sample data monitored by SunSirs, as of November 24, the mainstream offer price of butadiene was about 9,907.50 RMB/ ton, an increase of 7.69% compared with the beginning of the month. It is expected that butadiene will continue to rise steadily in the near future.
At present, the domestic ABS market price is high, and the spot price continues to rise in the near future. The prices of the three upstream materials are up and down. Generally speaking, the support from the cost side is acceptable. In terms of supply, the domestic ABS supply is tight, the pattern remains unchanged, and the cost pressure of downstream factories increases and it mainly purchases on demand. With the resistance of trading, the merchants slowed down and increased their offer, but the circulation of goods in the market was tight, ABS fundamentals were relatively stable, and the price center of domestic ABS was still stable.
SunSirs analysts believe that: recent ABS market high finishing, the price of each brand is mutual. The cost side of the upstream three material ups and downs on the ABS cost side of the support is OK. At present, ABS spot supply is still tight, downstream demand is temporarily stable, there is resistance to high price goods. It is expected that China domestic ABS price will be high in the near future.
