1、 Price trend:
According to the data of the bulk list of business agencies, the domestic ABS market weakened in February, and the spot price of the market mostly decreased. As of Monday, March 2, the main offer price of general-purpose ABS was about 12550.00 yuan / ton, a decrease of 7.04% compared with the average price at the beginning of February.
2、 Analysis of influencing factors:
Industry chain: in all upstream aspects of ABS, styrene market was still depressed in February. Although there was a narrow rebound in the last ten days, the transaction changes were limited, and the overall weakness improved little. 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. In the case of buyer wait-and-see phenomenon, business inventory gradually accumulates to form pressure. In addition, the recent cost support is weak, many businesses choose to let the profit go single. Styrene market is under the double pressure of insufficient cost support and weak demand in the near future, or will still be in a low market in the short term;
This month, the trend of acrylonitrile related products in the spot market is weak, and the short price is weak. The downstream construction resumed slowly, and it was reported that some acrylonitrile production enterprises had production reduction plans for this. Acrylonitrile producers say transport barriers remain high. The operators are confused. The downstream factories just need a small amount of goods, and the market participants need to be further expanded. It is expected that the market of acrylonitrile will not improve in the near future;
| povidone Iodine |
In February, the domestic butadiene market dropped significantly, continuing the weak situation. Some manufacturers in the north and East China are relatively active in export. In addition, Zhejiang Petrochemical and Hengli have some products for export, and the market spot supply increases significantly. However, it is near the end of the month for the downstream and Liuhe latex factories to resume work one after another, and the raw material inventory of the manufacturers to resume work is relatively abundant, and the enthusiasm for goods preparation after saving is poor, 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. The market bearish atmosphere is diffuse, and the market is approaching a five-year low. The northern part of the high price offer lack of solid single support;
3、 Future forecast:
Business analysts believe that: the ABS market fell in February, and the recent spot prices of various brands gradually decreased. Cost side of the upstream three materials this month trend is not ideal, on the cost side support is not good. The spot supply is more sufficient, but the resistance of logistics and transportation is larger. In the near future, the market may maintain the policy of destocking, but the slow resumption of downstream work hinders demand, the market atmosphere is not active, and trading is light. It is expected that domestic ABS prices will continue to weaken in the near future.
| Melamine |