A brief introduction to the spot ABS market of Chi

2022-08-12
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On September 8, the China Plastics price index rose 2.29 points to 1301.05 points, and the China Plastics spot index fell 1.37 points to 1316.88 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange fell $1.66/barrel to 106 Easy to use 23 dollars/barrel, Brent crude oil fell 2.21 dollars/barrel to 104.09 dollars/barrel

II. Manufacturer dynamics:

affected by the sharp decline in crude oil this week, FOB South Korea styrene fell by $47.5. Affected by the hurricane at the beginning of the week, the price was close to $1500/ton, fell by $40 on Tuesday and fell to $1450 on Friday. On Friday, the counter-offer of goods in October was $1445/ton, and the offer was $1465/ton. The atmosphere in CFR market was weak this week. The counter-offer intention of goods in September was US $1480/ton, and the offer was US $1490. In the downstream market, the impact of the Olympic Games has limited demand, which has not yet recovered. This week, the price of PS fell by $30 to $1595/ton CFR China, and the price of ABS fell by $25 to $2065/ton. In terms of devices, Taiwan CPPC's No. 3 styrene device was restarted

European styrene closed at USD/ton, down $9. Affected by crude oil, European market prices fell. Early in September, the price of goods was $per ton, and later fell with the decline of crude oil. In October, the price of goods was $per ton. There was no deal in the market that day. The electromechanical can ensure the accuracy of full-scale speed control

the United States closed at 78 25 cents/pound, about US dollars/ton, up 3 cents, about US $66/ton. The spot offer in the market was 79 cents, and no deal was reached on that day

III. local market conditions:

the quotation of Zhenjiang Qimei ABS has temporarily stabilized, the recent sales are general, the inventory is normal, and the operating rate of the device is%

the price of Jilin Petrochemical ABS is stable in the province. 0215a the ex warehouse price in the province is 15800 yuan/ton. The recent sales are poor and the inventory is not much. Most of the goods are shipped to PetroChina, and the production of the unit is normal

(2) thoughts on the planned construction of the city's trade logistics park. This morning, the overall atmosphere of the ps/abs market in Yuyao plastic city was stable, with fewer people looking for offers. Some holders considered the decline in oil prices, and currently do not offer, mainly on the sidelines; Some traders are under financial pressure to sell at a discount, and the transaction is weak. At present, the latest mainstream quotation of domestic ABS is yuan/ton. Imported ABS is yuan/ton. GPPS is yuan/ton, hips is yuan/ton

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