Price trend:

According to the bulk list data of business society, the domestic ABS market fell in early November, and the spot prices of various brands continued to decline. As of November 11, the average price of mainstream offer of general-purpose ABS was about 16550 yuan / ton, up or down – 5.43% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: upstream styrene continues to decline. At present, the policies related to dual control and environmental protection remain unchanged, and it is difficult to make a breakthrough in demand. On the cost side, upstream commodities such as crude oil and ethylene weaken, and it is expected that the price of styrene will not rise in the short term.

The price of acrylonitrile operated weakly and stably this week, the upstream raw material market was general, the tight spot supply in the field eased, the social inventory began to rise, the mentality of merchants was loose, and the offer was weakly stable.

Recently, the domestic butadiene market stabilized after falling. In the early stage, the market supply was abundant, and the external market fell back with the domestic spot price. At the same time, the industrial load increased, and the export of goods affected the overall increment of supply. Recently, the demand for butadiene has warmed up, and the seller tries to increase.

The upstream market fluctuated, and the cost side support of ABS was general. In terms of operating rate, there was the resumption of parking and maintenance equipment this week, and the increase of output suppressed the spot price of ABS. Due to the downturn of downstream construction caused by the recent double limit and other environmental protection policies, the resistance of merchants to shipment has increased. The superimposed demand is gradually lower, and the on-site profit giving delivery operation is heard a lot.

Future forecast:

Business analysts believe that the spot market of ABS continued to decline in early November, and the trend of the three upstream materials fluctuated, which generally contributed to ABS. The domestic spot price fell due to the gradual weakening of demand, and the atmosphere on the floor was buying up rather than buying down. It is expected that the ABS spot market may still fall slightly in the short term.