According to the bulk list data of SunSirs, China domestic ABS market fell in the middle of October, and the spot prices of various brands were mainly lowered. As of October 22, the average price of mainstream offer of general-purpose ABS was about 12,650 RMB/ ton, up or down by -1.56% compared with the price level at the beginning of the month.
Industrial chain: In terms of raw styrene, recently the market price of styrene rebounded slightly after falling. The upstream international oil price fell into a weak position, the pure benzene market fell back, and the transaction support was poor. The inventory was slightly removed to the warehouse within a week. In addition, many styrene manufacturers had maintenance plans in the fourth quarter, and the styrene spot market was slightly reduced. At present, there are many production plans for the downstream of styrene, and the demand is expected to increase. It is expected that the styrene market will mainly rise in the short term.
Last week, the domestic acrylonitrile market was at a high level. At present, the resumption of construction and maintenance of acrylonitrile enterprises are mutually visible, the industrial load is basically stable, and the overall commencement is between 60% and 70%. The mentality of enterprises and merchants is strong, and the offer is still willing to rise. At present, the supply and demand fundamentals are fairly good, some production lines have been put into operation, the supply of goods in some regions has been tightened, and the industry's inventory has been running smoothly. It is expected that acrylonitrile may continue to operate at a high level.
Last week, the domestic butadiene market continued to decline, but the decline was small. During the week, the synthetic rubber market fell, affecting the cautious mentality of some merchants, and the high-end market offer was not good. The inventory is relatively high, and the Zhejiang Petrochemical unit is restarted, so the supply side is not obviously good for the time being. Downstream just need to make up. However, traders had strong market expectations in the later period, and the offer was firm.
In the near future, the three upstream materials at the ABS cost end are rising and falling, and the ABS cost support fluctuates. In terms of industry load, the current ABS industry load is high, maintained at 80% to 90%, and the supply side is under pressure due to the continuous abundance of goods on the site. In terms of demand, the seasonal demand effect is acceptable, but there is no rising atmosphere in the market after the festival, and buyers have poor acceptance of the high offer. Near the weekend, the cost side turned warmer, and the ABS market stabilized.
Last week, the spot market of ABS fell, and the upstream three materials saw an arc of ups and downs, which supported the fluctuation of ABS cost side. The load of domestic industry is high, the spot supply is abundant, and the market demand is general. Some terminal enterprises have digested the accumulated warehouse during the holidays, and the supply of high priced goods is not smooth. With the warming of the cost side at the weekend, it is expected that China ABS spot market will narrow in the short term.
