Price trend:

According to the data of business club’s block list, the domestic ABS market declined in December, and the spot prices of various brands decreased to a certain extent. As of January 1 of the new year, the mainstream offer price of general ABS was about 15750 yuan / ton, down 18.18% from the beginning of December.

Factor analysis:

ABS upstream styrene domestic market from up to down in mid November, into December continued to decline. In the early stage, affected by the rising price of downstream products and strong demand, the market mentality is strong. The current styrene spot supply increases, the mainstream price continues to decline. Domestic units restart more concentrated in December, and the downstream demand is weak. The mainstream downstream is mainly supported by rigid demand, and the gas purchase is insufficient, which has a negative impact on ABS.

Butadiene market also fell sharply. According to the monitoring of business society, the domestic butadiene market price was 7751 yuan / ton at the end of December, with a decrease of 21.91% in the month and a year-on-year decrease of 6.07%. With the restart of Wuhan Petrochemical Company and Jiangsu sipang plant and the gradual release of Yantai Wanhua production, the supply side of domestic butadiene market was abundant in January, and the supply pressure was expected to increase after part of the source of export was transferred to domestic sales, which was also bad for ABS.

In December, the domestic ABS market adjusted downward, the price of upstream three materials was not strong, and the cost support was weak. Domestic ABS supply is stable, and the inventory of petrochemical plants begins to accumulate. On the downstream side, the consumption of domestic major household appliance enterprises and automobile industry is acceptable, but the market bearish sentiment is aggravating near the holidays. In addition, the long-term psychological pressure of ABS to buy goods at a higher price has gradually increased, which makes it difficult for downstream factories to buy goods at a higher price. The price of the transaction is low and the price is low.

Future forecast:

Business analysts believe that: 12 ABS market fell, the prices of all brands have not a small reduction. On the cost side, the upstream three materials are weakening as a whole, which is bad for ABS. At present, ABS spot supply is sufficient, petrochemical plants and businesses offer continue to fall. It is expected that the domestic ABS price will continue to decline in the near future.