Price trend

At the beginning of February, the domestic ABS market fluctuated and sorted out. According to the data monitoring of the Business News Agency, as of February 6, the average price of ABS sample products was 12000 yuan/ton, up and down by -0.83% from the average price level at the beginning of the month.

Cause analysis

In terms of raw materials: the recent performance of ABS upstream three materials is generally fair. Among them, the acrylonitrile market was flat after rising, and the listing price of manufacturers was increased in the early stage. With the support of raw material propylene, the industry started at a low level, and the prices quoted by merchants kept up with the rise, and most of them were reluctant to sell.

The domestic butadiene market has continued to rise recently. In the early stage, the prices of mainstream suppliers rose to drive the market. The low inventory of the East China tank farm, coupled with the recent release of some factory maintenance plans, and the expectation of contraction at the supply side, supported the firm intention of some merchants to offer. However, the demand is generally reflected, and the acceptance of high-priced supply is not good, which may affect the later growth. It is expected that the domestic butadiene market will be strong in the short term.

Recently, the mainstream price of styrene in Shandong has fallen. In the early stage, pure benzene has rebounded with crude oil. In the recent period, crude oil has declined, and styrene has declined slightly. Downstream demand for bargain-hunting and replenishment has just been maintained. The styrene market has declined due to the impact of cost fluctuations. At present, the supply of styrene is abundant, but the recovery of the downstream still needs time. It is expected that the market of styrene will fall mainly due to short-term shocks.

In terms of supply: the recent high level of load in the ABS industry, the high and stable start of the plant, the relatively abundant supply of goods on the site, and the factory continued the early de-stocking operation, the overall inventory position is not high, the price of the polymerization plant rose more or fell less after the festival, and the support of the supply side for the spot price is acceptable.

In terms of demand: in the near future, downstream factories including the main terminal appliance industry have prepared goods in a regular manner. The volume of goods in the field before the festival is general, the overall demand tends to be stable, and the goods in the field are normal. Buyers and merchants follow the market after the festival.

Aftermarket forecast

At the beginning of February, the trend of ABS upstream three materials was mixed, which continued to support the cost side of ABS. The petrochemical plant started at a high level, the supply was stable, and the ex-factory price rose more or fell less in terms of operation. The demand-side support is general, the seller’s inventory position is on the high side, and the offer is mainly based on the price. It is expected that the ABS market will be sorted and operated in the short term.