Price trend:
| Bacillus thuringiensis |
According to the business club’s big list data, the domestic ABS market continued its strong trend in mid October, and most of the spot prices in the market rose a lot. As of October 20, the mainstream offer price of general-purpose ABS was about 17250.00 yuan / ton, which was 15.38% higher than the average price at the beginning of the month.
Factor analysis:
ABS upstream styrene, in mid October, the domestic styrene market was positive. The cost of crude oil rebounded slightly, pure benzene and ethylene rose, and the overall cost support of styrene was acceptable. In terms of inventory, the main port of Jiangsu Province has received more styrene ships recently, but less styrene has arrived in the later period. Styrene port inventory appeared to a new low since the Spring Festival, and there are expectations of continued decline, tight supply. Combined with the continuous rise of styrene futures, styrene spot market generally rose. However, in the early stage, the long-term loss margin of styrene was hovering, the risk of capital pull-up was small, and the resistance to spot price rising became smaller. Overall, styrene still has room to rise in the short term.
ABS upstream acrylonitrile, recent domestic market trend consolidation. Cost side of the market is general, acrylonitrile support weakened. At present, the spot supply of acrylonitrile tends to be stable and the market news is calm. The downstream demand is lack of further positive promotion, and the market is mainly organized and operated after the festival. It is expected that the price of acrylonitrile will continue to consolidate in the near future.
| EDTA 2Na |
The domestic market of butadiene continued a strong trend in mid October, and the spot price of butadiene last week had a significant pull. According to the sample data monitored by the business agency, as of the end of last week (10.16), the price of butadiene delivered sporadically in Shandong Province was about 7200 yuan / ton, and that of Jiangyin in East China was about 7300-7400 yuan / ton. At the same time, the external price continues to rise, which is beneficial to the domestic butadiene. There is still room for domestic manufacturers to increase the supply price, which drives the traders’ offer higher, and it is difficult to find the source of low-cost goods in the market.
After the festival, the heat of domestic ABS market continued, and the spot price increased. The shortage of domestic ABS spot supply has not improved, and the enthusiasm of replenishment is good after resumption of work. At that time, the consumption of ABS in household appliances and other industries was still high. The far upstream crude oil has been turbulent due to the complicated geopolitical influence recently. The recent talks between Saudi Arabia and Russia have preliminarily reached a commitment to fulfill the production reduction agreement, and the crude oil market may stabilize in the future. The lower reaches are in conflict with high price goods, and there is some resistance in the upward direction. Merchants at present state of mind temporarily stable, profit margin delivery.
Future forecast:
Business agency analysts believe that: in mid October, the ABS market has risen, and the prices of individual brands have increased greatly. Cost side of the upstream three material trend is OK, cost side of ABS support. At present, ABS spot supply is still tight, downstream consumption has a peak season. At present, the situation of high price goods trading is cooling down, and the supply of low-cost goods is hard to find. It is expected that the domestic ABS price will be high in the near future.
| EDTA |