1、 Price trend:
According to the data of the bulk list of business agencies, the ABS market weakened in the second half of February, and the spot price in the domestic market mostly decreased. As of February 27, the main offer price of general-purpose ABS was about 12750.00 yuan / ton, down 4.14% from the average level in the second week of February.
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2、 Analysis of influencing factors:
Industry chain: in all upstream aspects of ABS, the styrene market is still depressed in the near future, with little change in transaction. Due to the impact of domestic health events, different traffic regulations have been carried out in different places. Although the vehicle transportation capacity has recovered in the near future, the downstream demand is not high, most of the wait-and-see phenomena exist, and the inventory gradually accumulates to form pressure. In addition, the cost support is weak, although there is a narrow rebound, but Styrene Market in the near future or will still be in the short-term low market;
In the near future, the spot market trading of acrylonitrile related products is also weak, and the price is also weak. The downstream return to work is not good, and acrylonitrile production enterprises say the transportation obstacles are still large. It is expected that the market of acrylonitrile will not improve in the near future;
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In recent years, the domestic butadiene market continues to be in a weak situation. Although the logistics and downstream latex factories have been resumed, the raw material inventory of the manufacturers is relatively abundant, and the market lacks the follow-up of new orders. The short-term external offer and the spot supply of the tank farm are abundant. There is no obvious price difference between the north and the south in order to stimulate the circulation of goods. The supply side of the market is still under pressure. The downstream inquiry is slightly cautious. Some high price offers in the North lack of real single support;
3、 Future forecast:
Business analysts believe that: in the second half of February, the ABS market weakened, and the recent spot prices of various brands gradually corrected. Cost side of the upstream three expect to rise and fall in the near future, general support for the cost side. The spot supply is relatively sufficient but the logistics resistance is relatively large. The main resistance in demand is also the reason for the slow resumption of work in the downstream, and the market atmosphere is cold. It is expected that domestic ABS prices will continue to have a correction in the near future.
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