Price trends:
ABS market prices rose steadily in mid-April, according to business associations’big list data. As of April 18, ABS mainstream offer price is about 14200.00 yuan/ton.
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2. Analysis of influencing factors:
Industry chain: ABS upstream aspects, in mid-April Styrene Market rebound, there are news that some enterprises equipment maintenance, domestic inventory has also declined, transactions increased, the atmosphere warmed up; acrylonitrile-related products continued to tight supply at the beginning of the month, some large factories force majeure and maintenance consignment price, low spot inventory. Businessmen’quotations are rising and accompanied by the atmosphere of speculation, which is expected to continue to be strong in the near future. Butadiene stocks are relatively abundant, downstream just need to take goods, prudent purchasing, partial delivery is blocked, market prices are weak to sort out; raw materials have rises and falls, acrylonitrile quotations remain high, good ABS.
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Demand: ABS downstream factories in mid-April are still mainly just in need, the market atmosphere is general, mostly detailed.
3. Future market forecast:
Business analysts believe that ABS’s offer in mid-April was cost-effective, and downstream demand followed slowly. ABS offer is expected to continue in the near future.
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