Price trend:

According to the bulk list data of business society, the domestic ABS market continued to rise this week, and the spot prices of various brands increased to a certain extent. As of March 11, the average price of mainstream offer of general-purpose ABS was about 14700 yuan / ton, up or down + 4.26% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: in terms of raw material styrene, the market price of styrene strengthened and rose this week. International crude oil rose sharply, pure benzene also increased greatly, and the cost side gave strong support to styrene. At present, the spot supply is reduced slightly, the downstream is dominated by digestion contracts, and the spot trading is acceptable. The styrene market is expected to rise slightly in the short term.

Acrylonitrile market is warmer this week. At present, the cost side support of acrylonitrile is stronger, and enterprises raise product prices. In terms of industry load, some enterprises have maintenance plans in the near future, and the supply is expected to shrink in the short term. However, the period of rapid production of the industry is not over, and there are still enterprises in operation in the near future. The inventory position of midstream merchants has been partially digested, and the market is expected to be strong in the short term.

The domestic butadiene market rose sharply this week. At the beginning of the week, the sharp rise of crude oil affected the increase of butadiene cost pressure. Under the negative expectation of the inventory reduction of some cracking units, the market supply side was supported. At the same time, the news side boosted by the sharp rise of crude oil. The prices of domestic butadiene suppliers increased continuously, and some bidding sources increased significantly, driving the spot market to break through 10000 quickly.

This week, the market of ABS upstream three materials is OK, and the cost side support is stronger. In terms of industry load, the operating rate of domestic ABS enterprises is high, the overall supply is high and the prognosis is abundant. The ABS market is still in the high inventory position of enterprises and downstream, which is affected by pressure. In the early stage, the terminal enterprises return to work and the demand is launched, and the trading volume is large in stages. In addition, the uncertainty of the current situation in Eastern Europe has increased, and the main positive factor in the market is the remote upstream. However, the spot price shrinks, and the mentality of businesses weakens.

Future forecast:

Business analysts believe that the spot market of ABS continues to rise this week, and the trend of upstream three materials rises, which has strong support for the cost side of ABS. The spot supply of ABS enterprises remains at a high level. At present, the downstream demand is more and more cautious due to the impact of spot price rise, and the digestion of domestic inventory location is slow. It is expected that the spot market of ABS may be dominated by shock consolidation in the short term.