Analysis of ABS price of plastic raw materials on

On March 25, ABS price analysis of plastic raw materials

I. market overview

abs market trend is stable, and some brands have risen. Business mentality is flat. The demand of downstream factories is still weak, the enthusiasm for inquiry is insufficient, and the overall transaction situation of the market is general

partial quotation in PS market weakened slightly, and the inquiry atmosphere in the floor was poor. Under the upstream shock trend, the market wait-and-see atmosphere increased, and the actual transaction and shipment were limited

II. Brief introduction to the upstream market

crude oil futures prices widened their decline on Thursday. The settlement price of May benchmark U.S. WTI crude oil futures on the New York Mercantile Exchange (NYMEX) fell by $0.33, or 0.8%, to $39.46/accumulated into an average thin barrel. The settlement price of May global benchmark Brent crude oil futures on the London Intercontinental Exchange (ice) fell $0.03, or 0.1%, to $40.44/barrel

on Thursday (March 24), the quotation of Styrene Market in Asia was stable, and the price of f0b South Korea remained stable and closed at USD/ton; CFR China prices remained stable at USD/ton

III. local market prices

market quotations fluctuate slightly, downstream demand is still flat, and the wait-and-see atmosphere is strong

some prices in Dongguan ABS market fell slightly, market negotiations were flat, middlemen maintained the pace of shipment, and small and medium-sized downstream factories tended to replenish with small orders. The supply of some brands is not large, and the price rises slightly. However, the overall supply of goods is normal

the ABS market in Ningbo is generally stable with limited price fluctuations. The negotiation improved slightly, but it was not easy to push up, and the merchants temporarily maintained yesterday's offer. The transaction is slow, and the supply of goods is relatively normal

the weakness of Yuyao PS market was sorted out, and some fell by yuan/ton. The support of cost is weak, and there is strong resistance in the downstream. The traders' shipments are not smooth, and the negotiation price is flexible

Taizhou PS market measurement according to the provisions of gb/t224 (2) 008 "determination of decarburized layer of steel" on the decarburized layer of spring steel, the quotation is stable, and 525 offers refer to microelectronics technology, computer technology, precision machinery technology, high sealing technology, special processing technology, integration technology, thin film technology, network technology, nanotechnology, laser technology, superconducting technology and biotechnology, and other high-tech have developed rapidly. Kaoyuan/ton, negotiated price and goods. The market watched the trend of raw materials, and the negotiation atmosphere was quiet. Traders offer little change, and the actual order operation is relatively flexible. The supply of goods is acceptable, and the transaction is sluggish

IV. the latest quotation

1. Petrochemical quotation

CNPC East China ABS pricing is stable, with 0215a price of 10900 yuan/ton, 0215asq price of 10900 yuan/ton, 0215h price of 10900 yuan/ton, GE150 price of 10850 yuan/ton, 750A price of 11000 yuan/ton. Inventory is low, and recent sales are average

the price of CNPC southwest ABS is stable, with the price of 0215a 11000 yuan/ton, 750asq 11050 yuan/ton, h816 10950 yuan/ton, 301 10900 yuan/ton, GE150 10950 yuan/ton, 0215h 10950 yuan/ton. The product inventory is normal, and the shipment is basically normal. Many technical difficulties such as high-precision pointing control of large aperture antennas, performance testing and calibration technology of large aperture antennas, and antenna reflector correction and adjustment have been overcome before and after.

PetroChina Southwest Company priced Dushanzi Petrochemical PS stably, reporting 10000 yuan/ton for benzene penetration 500 and 10000 yuan/ton for benzene modification HIE. Inventory is low, and recent sales are flat

PetroChina East China branch has a stable ex factory listing price for Dushanzi Petrochemical PS, reporting 9700 yuan/ton for benzene penetration 500 and 9800 yuan/ton for benzene conversion HIE. The inventory is low, and the recent export sales are general

2. Mall quotation

as of 15:00, the quotations of some brands of ABS in China Plastics spot were mixed, with a range of yuan/ton. Among them, d-180/Zhenjiang Guoheng was the lowest at 11400 yuan/ton (down 300), pa-707k/Zhenjiang Qimei was the lowest at 11500 yuan/ton (down 50), 750nsw/South Korea Jinhu was the lowest at 11000 yuan/ton (up 100), pa-757/Taiwan Qimei was the lowest at 11700 yuan/ton (up 100)

as of 15:00, the quotations of some brands of hips in China Plastics' spot were mixed, with a range of yuan/ton, of which 825/Panjin Ethylene was the lowest at 9900 yuan/ton (up 50), and ph-88/Zhenjiang Qimei was the lowest at 10600 yuan/ton (down 100). The quotation of individual brands of GPPS in China Plastics spot fell by 100 yuan/ton, and the lowest quotation of pg-33/Zhenjiang Qimei was 10500 yuan/ton

v. future forecast

affected by the weak demand in the downstream, the dull trend is difficult to effectively change. The market is still on the sidelines, and the quotation still has a slight fine-tuning trend. It is expected that the market will stabilize in general and adjust individually next week