Price trend:

According to the data of the business club’s block list, the domestic ABS market fluctuated and adjusted in early June. At present, most brands of products have been reduced. As of June 10, the average price of general ABS mainstream offer was about 17975 yuan / ton, with a decrease of 0.42% compared with the average price at the beginning of the month and a rise of 35.15% compared with the same period last year.

Factor analysis:

Raw material styrene, domestic styrene to undertake the high fall in May market, continued to decline in the early part of this month. The current inventory position is low, the tight spot supply pattern is maintained, and there is support for the spot. Raw material pure benzene finishing operation, support for styrene is OK. With the end of styrene paper delivery in May, the market entered the weak market of supply and demand, and the lower reaches bought up but not bought down, and the trading momentum declined. It is expected that in the short term, the styrene market will still be in the shock finishing stage after the rapid rise and fall.

For upstream butadiene, the domestic butadiene market was strong in early June. Business offer high, north-south price difference caused by East China source transaction is not smooth. Demand follow-up is limited, dragging the focus of offer. According to the monitoring sample data of the business community, as of June 9, the domestic butadiene market price was 8163 yuan / ton, with a month on month rise of 19.35%, and a year-on-year rise of 114.76%. In terms of price, the delivery price in central Shandong is about 8750-8850 yuan / ton; In East China, the self raised price of cans dropped slightly to about 8350-8450 yuan / ton. It is difficult to promote high price source trading, and traders are cautious in operation. Butadiene market is expected to enter the weak finishing market.

In early June, the price of ABS cost side was mixed, and the overall support for ABS cost side was general. Of course, the production equipment maintenance plan and start-up and return to work are intertwined, which has limited impact on the supply side. In the off-season of traditional consumption, the demand shortage of ABS is difficult to open, and the overall trading atmosphere of the market is lower. Downstream enterprises follow up the downsizing, and tend to buy up but not down. The market as a whole is short and the offer is weak.

Future forecast:

Business analysts believe that: in early June, the ABS spot market was weak and volatile, and the spot price was generally down. The trend of raw materials is mixed, and the support of ABS cost side is general. At present, it is the off-season of ABS industry, the demand of end users is shrinking, and the shipping resistance of enterprises and businesses is increasing. It is expected that the ABS spot market may continue to be short in the near future.