Price trend:

According to the bulk list data of business society, the domestic ABS market fluctuated in September, and the spot price fluctuated. As of September 29, the average price of the mainstream offer of general-purpose ABS was about 17800 yuan / ton, a decrease of 1.25% compared with the price level at the beginning of the month and a year-on-year increase of 19.06%.

Factor analysis:

Industrial chain: upstream styrene increased greatly in the first half of the month due to the upward trend of international oil price and the positive effects of chemical chain products. However, the direct raw material pure benzene fell in the latter half of the year, the cost side’s support for styrene weakened, and the high spot price fell.

At the end of September, the price of acrylonitrile was mainly sideways, and the spot price was relatively stable. The on-site trading is partially weak, the message surface is weak, the procurement operation at the demand side is cautious, and the on-site offers are mostly stable.

In September, the domestic butadiene market continued to decline. Affected by the lower external market and weak demand throughout the month, the atmosphere on the floor was mostly bearish. Moreover, the load of main downstream enterprises is still not high, and the market trading is cold. It is expected that the spot price will continue to fall under pressure from many parties.

The upstream market fluctuated, and the cost side support of ABS was general. In terms of operating rate, the newly increased capacity in the early stage and the maintenance plans of several production lines exist at the same time. Environmental protection policies such as power restriction in September have an impact on the operating rate of the ABS industry. At the same time, the load of upstream and downstream has decreased, the quantity of goods taken by terminal enterprises has decreased, and the market momentum has weakened.

Future forecast:

Business analysts believe that the spot market of ABS fell narrowly in September, and the trend of the three upstream materials fluctuated, which generally contributed to ABS. Some domestic enterprises have been reduced due to the impact of environmental protection related policies, and the current on-site supply and demand has weakened at the same time. There is no large-scale demand in the traditional peak season in September. At present, there is a critical holiday, and the on-site trading is still poor. It is expected that the ABS spot market may remain stable and weak in the short term.