Price trends:
According to the data of the business associations’big list, the spot price of ABS was stable in late September, and the domestic market was adjusted at a high level. As of September 26, the mainstream offer price of general-purpose ABS was around 13500.00 yuan/ton, up 0.75% from last week.
| Melamine |
2. Analysis of influencing factors:
Industry chain: ABS upstream, since September, styrene trend is strong, but this week’s prices show a state of consolidation after rising, the market spot supply situation is sufficient, the mainstream reservoir area of East China styrene inventory is sufficient, domestic maintenance of styrene factories gradually restored supply. The supply of styrene in the market is saturated, while the enthusiasm of downstream picking up goods is reduced, and the price of high-end products is gradually falling, which leads to the price of domestic styrene from rising to falling. The recent stock holding and production links in the market are still profitable. After rapid growth, there is no support, and the market has fallen back and sorted out.
The spot market of semi-acrylonitrile related products continued to run at a high bid price before September. On the supply side, the stock of the industry is still at a low level. It will take some time for the new production line to export the spot goods, and the supply of spot resources in the market is still tight. Downstream traders maintain a cautious attitude, in which the acrylic fiber factory is not high start-up rate, replenishment to maintain just in need. It is expected that the domestic acrylonitrile quotation will present a high overall trend in the near future.
| ferric sulfate (Poly ferric sulphate) |
Butadiene recently quoted slightly adjusted, the domestic market entrusted atmosphere is weak, downstream just need to be the main, buyers and sellers cautious operation. On the supply side, Northeast factories continue to export goods, and the market maintains a wait-and-see attitude toward high-priced goods; ABS is generally supported, and near the season change, many areas in Beijing and Tianjin are strictly checking environmental protection, reducing plant start-up rate leads to a reduction in supply. The supplier’s willingness to bid up is obvious, but the downstream demand is weakening compared with the first half of the month. Buyers just need to replenish their positions. In recent years, domestic ABS price increases have weakened and prices have been adjusted.
3. Future market forecast:
Business analysts believe that in late September, the ABS market has weakened, spot prices of various brands have risen and fallen, and some areas have declined. On the cost side, upstream three materials support the cost side generally. Although strict inspection of environmental protection affects the plant start-up rate and thus affects the supply, downstream demand is weaker than before, and on-site trading atmosphere is cautious. It is expected that ABS in China will show a high adjustment trend in the near future.
| Azodicarbonamide (AC foaming Agent) |