Price trend:
| ferric sulfate (Poly ferric sulphate) |
According to the business club’s big list data, entering the late September, the ABS market trend is strong, most of the spot prices in the market fluctuate and rise. As of September 25, the mainstream offer price of general-purpose ABS was about 14950.00 yuan / ton, which was 1.01% higher than the average price at the beginning of the month.
Factor analysis:
In recent years, ABS upstream styrene, domestic styrene prices have been fluctuating since the beginning of the month. In terms of inventory, it is reported that there is a slight increase in both mainstream and social commodity inventories. However, the recent arrival of styrene in the port is less, and the domestic factory inventory is declining, and the styrene digestion is expected to be better. The recent trend of the far end cost end crude oil is not ideal, coupled with the severe overseas epidemic situation, which continues to restrain the demand expectations, the bulk commodities generally declined. The downstream consumption increased, the demand improved, and there was just a need to support the price of styrene. But the inventory is still at a historical high, there is pressure on the styrene market. The market is expected to remain deadlocked in the short term.
ABS upstream acrylonitrile, the domestic acrylonitrile market was positive last month, and the market continued to be strong this month. Recently, the domestic market is stable and small. On the cost side, the current price is high and stable, with strong support for acrylonitrile. In terms of supply and demand, the operating rate of acrylic fiber industry may be difficult to maintain, and there is a contradiction between supply and demand in the field. Overseas market is due to reduced supply and the market has risen, there is a certain support for the domestic market. It is expected that the price of acrylonitrile will stabilize temporarily in the near future.
| Potassium monopersulfate |
The domestic market of butadiene has a strong performance in recent years. The price of butadiene is stable at the beginning of the month, and the market is obviously rising in the middle of the month, and still rising in the last ten days. The strong performance of the internal and external market in the month was favorable to the continuous rise of domestic spot. The downstream synthetic rubber vibrates at high level, and its support to butadiene is acceptable. In terms of supply, although it has increased in the last ten days, the overall supply of domestic production enterprises remains tight, and Sinopec’s supply price continues to rise. The market went up rapidly, and the downstream demand side took goods on demand. The atmosphere of market prudence gradually rose, and merchants went with the market. It is expected that the domestic butadiene market will be adjusted mainly in the near future.
In late September, the domestic ABS market offers big stable small movements, high finishing. The shortage of domestic ABS spot supply has not improved. As the holidays are approaching, downstream factories are actively hoarding goods. On the contrary, there is a shortage of goods in the theater. Overseas continued to be affected by public health events, crude oil and futures trend is not positive, has a certain suppression effect on ABS market, aggravate the market wait-and-see mentality. Businesses are temporarily stable, due to the replenishment before the festival, the atmosphere of trading has also warmed up.
Future forecast:
Business agency analysts believe that: the recent ABS market high stable, the price of each brand is mainly stable. In terms of cost side, the trend of the upstream three materials is mostly good, and the support for ABS on the cost side is acceptable. At present, ABS spot supply is still in short supply, and the downstream is cautious about the reduction of ABS supply, but the pre holiday stock makes the trading atmosphere warm. The resistance of merchants to shipment is reduced, and low-cost goods are hard to find. It is expected that the domestic ABS price will be high in the near future.
| Benzalkonium chloride |