According to the data of SunSirs, the domestic ABS market fluctuated and adjusted in early June. At present, most brands of products have been reduced. As of June 10, the average price of general ABS mainstream offer was about 17,975 RMB/ ton, with a decrease of 0.42% compared with the average price at the beginning of the month and a rise of 35.15% compared with the same period last year.
Raw material, domestic styrene undertook the high fall in May market, continued to decline in the early part of this month. It is expected that in the short term, the styrene market will still be in the shock finishing stage after the rapid rise and fall.
For upstream butadiene, the domestic butadiene market was strong in early June. It is difficult to promote high price source trading, and traders are cautious in operation. Butadiene market is expected to enter the weak finishing market.
In early June, the price of ABS cost side was mixed, and the overall support for ABS cost side was general. In the off-season of traditional consumption, the demand shortage of ABS is difficult to open, and the overall trading atmosphere of the market is lower. Downstream enterprises follow up the downsizing, buy up not buy down. The market as a whole is short and the offer is weak.
SunSirs analysts believe that: in early June, the ABS spot market was weak and volatile, and the spot price was generally down. The trend of raw materials is mixed, and the support of ABS cost side is general. At present, it is the off-season of ABS industry, the demand of end users is shrinking, and the shipping resistance of enterprises and businesses is increasing. It is expected that the ABS spot market may continue to be short in China in the near future.
