Analysis of ABS price of plastic raw materials on

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October 27 ABS price line of plastic raw materials analysis of the accelerated development of China's new material industry in 2014

I. brief introduction of the market

abs market operation was generally weak at the press conference, and some fell. Downstream demand is limited, merchants are mainly cautious, and there is a strong wait-and-see atmosphere in the venue

the overall atmosphere of PS market is mainly flat, and a few are downward. The mentality of merchants in the city is flat, most of them are mainly short-term operations, the market quotation is slightly sorted out, and the transaction changes are limited

II. Overview of the upstream market

oil prices fell to a two-month low on Monday, and the settlement price of light and low sulfur crude oil futures for December delivery on the New York Mercantile Exchange fell 62 cents, or 1.4%, to $43.98 a barrel. Brent crude oil futures on the London ICE Futures Exchange fell 45 cents, or 0.9%, to $47.54 a barrel

on Monday (October 26), the quotation of Styrene Market in Asia was stable, and the price of f0b South Korea remained stable and closed at USD/ton; CFR China prices remained stable at USD/ton

III. local market prices

market quotations are down, downstream demand is still flat, and the wait-and-see atmosphere is strong

Dongguan ABS market prices fell slightly, there was a lack of good news in the peripheral market, and the mentality of all parties was weak. The negotiation atmosphere is light, and only a few just need to be followed up. Merchants have abundant supply of goods

the market price of ABS in Ningbo fell partially, the atmosphere of on-site negotiation was weak, and the appearance of some buying markets was dominated. The supply of goods is abundant, and the inventory of downstream factories is low

Dongguan PS market continued to decline, with a range of yuan/ton, and the market trading atmosphere was quiet. Downstream buyers mainly avoided the market and waited on the sidelines, and their enthusiasm for admission and procurement was low. Merchants are under great pressure to ship goods, and some focus continues to fall

the focus of Ningbo PS market fell by yuan/ton. Crude oil and styrene fell, and market confidence weakened again. In addition, the manufacturer lowered the ex factory price of PS yesterday, and the merchants' offer fell, so there was less heard of the transaction on the floor. Traders' mentality is general, and they often wait and see

IV. the latest quotation

1. Petrochemical quotation

the listing price of CNPC East China ABS stabilized. The price of 0215a is 9700 yuan/ton, that of 750A is 9800 yuan/ton, that of 0215asq is 9550 yuan/ton, that of 0215h is 9550 yuan/ton, and that of GE150 is 9550 yuan/ton. The inventory is not high, and the shipment is average

the listing price of CNPC South China ABS is stable, with the price of 0215a at 9600 yuan/ton and 750asq at 9600 yuan/ton. The price of ge-150 is 9500 yuan/ton, that of 0215asq is 9500 yuan/ton, and that of 0215h is 9500 yuan/ton. The inventory is normal and the sales are flat

PetroChina East China branch has a stable ex factory listing price for Dushanzi Petrochemical PS, with 8300 yuan/ton for benzene penetration 500 and 8800 yuan/ton for benzene conversion HIE. Recent sales are average and inventory is not high

PetroChina South China branch has a stable price for Dushanzi Petrochemical PS, with 8500 yuan/ton for benzene penetration 500, 8800 yuan/ton for 500N, and 8900 yuan/ton for benzene modification HIE. The inventory is OK, and the recent sales are average

2. Mall quotation

as of 15J Using power supply: when 1 ∮ 220V 50Hz, the quotation of some brands of ABS in China Plastics' spot stock is mixed, with a range of yuan/ton, of which 0215a/Jilin Petrochemical is at least 9700 yuan/ton (down 300), ag15e1/Ningbo Taihua is at least 10350 yuan/ton (up 150), dg-417/Tianjin Dagu is at least 9600 yuan/ton (down 100), hi-121h/lg Yongxing is at least 10000 yuan/ton (down 100)

it is necessary to establish and improve the comprehensive evaluation criteria and industry standards for plastic granulator equipment

as of 15:00, the quotation of individual brands of hips in China Plastics spot fell by 200 yuan/ton, and the lowest quotation of hp8250/Taihua Ningbo was 9100 yuan/ton. The quotation of some brands of GPPS in the spot of Sinochem increased by 150 yuan/ton, of which 500/Dushanzi Petrochemical lowest reported 8500 yuan/ton (up 150), and gpps-500n/Dushanzi Petrochemical lowest reported 8500 yuan/ton (up 150)

v. future market forecast

there is no obvious wave in the market. Traders still take a wait-and-see attitude, and the enthusiasm of downstream factories to enter the market is low, and the demand is full of resistance. It is expected that the market may go down tomorrow

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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