Price trend:

According to the data of business club’s block list, in early July, the domestic ABS market fluctuated in a narrow range, and the spot prices of various brands fluctuated. As of July 12, the average price of general ABS mainstream offer was about 17800 yuan / ton, up 0.56% compared with the average price at the beginning of the month and 34.34% compared with the same period last year.

Factor analysis:

In terms of raw material styrene, the domestic Styrene Market accepted the early rebound market, and the spot price dropped slightly in the near future. Crude oil callback, benzene narrow price reduction, ethylene stable, styrene cost side did not change significantly. At present, domestic styrene plant restart and maintenance coexist, new production delay, production increase is expected to be reduced. Under the long short game, styrene is expected to continue to fluctuate in the short term.

Upstream butadiene: in early July, the domestic butadiene market continued the upward trend in June. Affected by the rise of the external market, the domestic supplier prices strengthened, and merchants’ offers followed the rise. Coupled with the gradual recovery of downstream construction, support middlemen offer up, the market is difficult to find low-cost sources. Although some downstream devices restart, the poor performance of the terminal industry leads to the caution of downstream users. Business analysts expect the market to sort out slightly.

The recent ABS cost side market is fair, and the overall support for ABS cost side is relatively stable. In terms of enterprise load, the maintenance of Shandong Jianghai and Jihua has not been resumed; According to the news, Tongliao chemical overhaul plan is about to start, the loss of production capacity caused some brand prices to rise. The market supply has been tightened, and there is a partial shortage in East China. In addition, the terminal enterprises’ demand for goods has increased recently, and the trading volume has increased, so the spot price has gained some support.

Future forecast:

Business analysts believe that: in early July, the ABS spot market fluctuated, the trend of raw materials was acceptable, and the support for ABS cost was relatively stable. At present, the lower reaches of the industry show demand for goods, enterprises and businesses have strong willingness to support prices, and the on-site inquiry and actual trading have increased compared with the previous period. In addition, the supply of some brands is less, and the market is supported. It is expected that the ABS spot market will be strong in the near future.