Price trend:
According to the data of the bulk list of business agencies, the domestic ABS market strengthened in May, and the spot market price generally rose. As of May 31, the main offer price of general-purpose ABS was about 12100.00 yuan / ton, an increase of 13.62% compared with the average price at the beginning of the month.
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Factor analysis:
In all upstream aspects of ABS, the mainstream price of styrene in China fluctuated upward in May. According to the data of business agency, as of May 31, the price of sample enterprises was about 5416.67 yuan / ton, an increase of 6.21% compared with the average price at the beginning of the month. This month, the chemical industry as a whole strengthened due to the positive impact of the rise in crude oil. However, the supply of domestic styrene market is still sufficient, with less spot shipments, pulling the styrene market downward. At the end of the month, the inventory of styrene port in East China rose and the spot supply was sufficient, but the spot market trading was not good. The downstream is still dominated by rigid demand, the spot selling pressure is still on, and the overall supply and demand performance is short. Business data analysts expect styrene prices to remain stable in the short term, with narrow range consolidation, following the trend of crude oil;
At the end of last month, the price of acrylonitrile stabilized, and this month, the market trend of acrylonitrile rebounded. In the middle of the year, some enterprises have plans to reduce production to relieve supply pressure. At present, the acrylonitrile inventory reduction is smooth, the supply of goods is reduced, the mentality of merchants at the end of the month is positive, and the storage and speculation atmosphere is rising. However, at present, the demand is not strong, the inquiry atmosphere of downstream factories is general, the stock just needs to be operated, and it is expected that the acrylonitrile market will be stronger;
The domestic butadiene market recovered after strengthening this month. According to the monitoring price of the business agency, the price of butadiene in this month was 8.19% higher than that in the same period last month, and 51.10% lower than that in the same period last year. Sinopec’s price increase before the May 1st Festival boosted the firm offer of middlemen. After the festival, the high-speed automobile transportation restart charges also supported the market offer price to some extent. At the same time, driven by China’s market atmosphere, the price of some of the near foreign ships strengthened, bringing a boost to the domestic market. However, the downstream inquiry in East China market is limited. After the festival, the high price of the market was not smooth, and the butadiene market was weak under the drag of weak trading. In the downstream demand drag, the market up weak. The atmosphere in East China is weak, and the transaction of some goods with slightly low price drags down the center of offer, and there is no lack of spot circulation to the northern market in the week, resulting in the transaction of slightly high price goods in Northeast China is not smooth, and the overall market atmosphere is weak. The butadiene analysts of the business association predict that the domestic butadiene market will continue to decline in the short term, with the low-end finishing as the main factor and the market price range referring to 3500-3800 yuan / ton;
| Melamine |
This month, the domestic ABS market is strong, among which the rising momentum in the middle of the month is strong. According to the data of business agency, May 18 rose 3.59% in a single day, and domestic businesses reported two gains in one day. After that, the market continued to pull up. On the 19th, the average price of each brand rose by 300-700 yuan, to about 11950 yuan / ton on the 20th, or 7.71% in three days. *** Stimulate the price of helmets to go up all the way, and electric helmets have become hot products online and offline. As the main raw material of helmet, the demand of ABS will break out in a short time, which will benefit the domestic ABS market. In May, the operation rate of domestic ABS petrochemical plant was almost full load operation, and the industry operation rate was nearly 98%. The existing inventory has basically fallen to the average low level, and the atmosphere of speculation has been maintained in the field. The high-level shipping of merchants is the main thing, and the downstream factories are cautious in their stock up mentality.
Future forecast:
Business analysts think: ABS market is stronger in May, and most brand prices have increased significantly. Cost side of the upstream three material trend in the near future is OK, the cost of general support. At present, the spot supply of ABS is reduced, and the demand for downstream production volume is increased, but there is resistance to high price goods. Business confidence is strong, speculation is still in the atmosphere. It is expected that the domestic ABS price will continue to adjust in the near future.
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