Price trend:

According to the bulk list data of business society, the domestic ABS market fell this week, and the spot prices of various brands decreased. As of May 20, the average price of mainstream offer of general-purpose ABS was about 13450 yuan / ton, up or down – 5.28% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: in terms of raw material styrene, the mainstream price of styrene in Shandong fluctuated this week, with an overall rise. The market was mainly supported by cost benefit, and pure benzene and crude oil boosted the spot price of styrene. The downstream demand is poor in the short term, and the market transaction is weak. It is expected that the styrene market may continue to fluctuate.

Acrylonitrile prices fell this week. In the early stage, there were many news about the resumption of work and commencement in China, and the supply increased. The demand is still lagging behind. There is a contradiction between supply and demand in the field. In addition, the impact of health events on transportation is still ongoing. The downstream demand performance is general. The spot ex factory price is subject to multiple pressures, or will continue to fall.

The domestic butadiene market rose this week. Recently, some devices are still under maintenance, and the supply side is good. Domestic sources of goods are actively exported. Near the weekend, some production enterprises raised their ex factory quotation, which has a good response. Butadiene analysts of business society predict that the domestic butadiene market is expected to rise in the short term.

The overall support of the three upstream materials at the ABS cost end this week is general. In terms of industry load, the domestic production line resumed in the early stage, and the operating rate of ABS enterprises has increased compared with last month. The mentality of manufacturers has weakened and the factory price has been reduced. China’s health incidents still have a great impact on some parts of East China. Logistics and production are affected, which depresses a certain amount of demand. The goods are not smooth in the field, and the offer falls. Tensions in Eastern Europe, Russia and Ukraine remained, causing crude oil to rise in shock. However, the transmission effect of price to ABS industrial chain is general, and the market differences are large. At present, the main bad news in the market is the contraction of downstream demand.

Future forecast:

Business analysts believe that the spot market of ABS fell this week, and the overall trend of the three upstream materials is weak, which is difficult to form a strong support for the cost side of ABS. The domestic spot supply is abundant, and the load of ABS enterprises is higher than that in the early stage. The demand follow-up is not good. At the same time, the load of downstream household appliances and other industries decreases, superimposed with the impact of blocked transportation. The operators have poor confidence in the future market. It is expected that the ABS spot market may continue to be weak in the short term.