According to the data of SunSirs, the domestic ABS market rose and fell in May, and most brands of products fell. As of June 1, the average price of general ABS mainstream offer was about 18,050 RMB/ ton, which was 1.77% lower than the average price in early May and 43.83% higher than that in the same period of last year.
In terms of raw material styrene, the domestic Styrene Market in the first half of May fluctuated upward driven by cost support and tight spot supply, and the spot remained strong. It is expected that the short-term styrene market will still be in the shock finishing stage after rapid rise and fall.
For upstream butadiene, the domestic butadiene market was mainly consolidated in the first half of May. Short term domestic butadiene demand will continue, just need to follow up, SunSirs butadiene analysts are expected the market to continue to consolidate.
In May, the price of ABS cost side was mixed, and the overall support for ABS cost side was weakened. At present, it is in the off-season of ABS traditional consumption, downstream enterprises just need to reduce, and the market as a whole is short.
SunSirs analysts believe that, ABS spot market overall fell in May, the price position fell below the price level in early May. The trend of raw materials is mixed. Generally speaking, it is bad for ABS cost side. At present, the ABS industry is in the off-season, and the resistance of on-site shipment is increasing. Superimposed on the external market is also bad led, it is expected that the recent ABS spot market may continue to be short in China.
