Analysis of ABS price of plastic raw materials on

2022-08-22
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Analysis of ABS price of plastic raw materials on February 15

I. brief introduction of the market

abs market is running smoothly on the whole, and individual quotations move slightly. After the festival, the strength units are kPa, psi (lbs/in^2) and kgf/cm^2. The offers of the merchants present are mainly stable, and some merchants have not made offers yet, and the atmosphere in the venue is still flat

ps market is generally stable, individual quotations move slightly, and businesses do not operate much. In addition, the downstream factories have not yet started, the trading atmosphere is weak, and the actual transaction is limited

II. Brief introduction to the upstream market

on Friday, the international crude oil futures price rose sharply. The settlement price of WTI light and low sulfur crude oil futures delivered in March on the New York Mercantile Exchange (NYMEX) rose by $3.23 to $29.44 a barrel, or 12.3%. The settlement price of Brent crude oil futures in March on the London Intercontinental Exchange (ice) rose by $3.30 to $33.36 a barrel, or 10.1%

on Friday (February 12), the market quotation of styrene in Asia rose, and the price of f0b South Korea rose by $5 to close at 940 5 dollars/ton; CFR China rose $5 to close at 965 5 dollars/ton

III. local market prices

the market quotation is stable, the downstream demand is still flat, and the wait-and-see atmosphere is strong

the ABS market offer in Ningbo is relatively strong, and the merchants' mentality is OK, but there are not many real offer negotiations on the floor, and the transaction has not been significantly followed up for the time being

the ABS market in Dongguan was reorganized in a narrow range, and some trade negotiations continued to return to the market, and the negotiations were temporarily weak. Buying is mainly wait-and-see, most of the supply is normal, and a few are slightly tight

Shunde PS market reported a rise of yuan/ton, and the negotiation atmosphere was quiet. The supply of goods in the market is tight, and the offer of merchants is slightly higher. However, the downstream inquiry atmosphere was flat, and no transaction was heard for the time being

the PS market in Ningbo was stable, and the market negotiation atmosphere was weak. For some quotation references, Leiden 525 is quoted at 8100 yuan/ton, 666h and 1841h are out of stock, 5250 and 8250 are out of stock, and there is actually room for negotiation. Waiting for the news of PS ex factory price, the market will mainly wait and see consolidation

IV. the latest quotation

1. Petrochemical quotation

the listing price of CNPC East China ABS stabilized. The price of 0215a is 9400 yuan/ton, the price of 750A is 9450 yuan/ton, the price of 0215asq is 9400 yuan/ton, the price of 0215h is 9400 yuan/ton, and the price of GE150 is 9350 yuan/ton. Inventory is low, and recent sales are average

the listing price of CNPC South China ABS is stable. The price of 0215a is 9400 yuan/ton, and the price of 750asq is 9500 yuan/ton. The price of ge-150 is 9300 yuan/ton, the price of 0215asq is 9400 yuan/ton, and the price of 0215h is 9400 yuan/ton. Inventory is not high, sales are normal

PetroChina South China branch has a stable listing of Dushanzi Petrochemical PS. with the increase of per capita income of domestic residents and the improvement of consumption level, benzene penetration 500 is reported as 8150 yuan/ton, 500N is reported as 8450 yuan/ton, and benzene HIE is quoted as 8400 yuan/ton. The inventory is OK, and the recent shipment is average

PetroChina East China branch listed Dushanzi Petrochemical PS stably, reporting 8200 yuan/ton for benzene penetration 500 and 8150 yuan/ton for benzene modification HIE. Recent sales are average, and there is not much inventory

2. Mall quotation

as of 15:00, the quotation of some brands of ABS in China Plastics spot fell by yuan/ton, of which 275/Huajin Chemical Industry was the lowest at 8800 yuan/ton (down 400), and dg-417/Tianjin Dagu was the lowest at 9450 yuan/ton (down 150)

v. aftermarket forecast

the field can display data such as temperature and deformation in real time, and most businesses in the curve can wait and see. The festival atmosphere is still strong, but from 1. The equipment has a preference for the upstream trend after the festival in the long-term operation. It is expected that the market may still rise slightly

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