Price trend:

According to the bulk list data of business society, the domestic ABS market fluctuated, sorted out and operated, and the spot price rose on the whole. As of October 15, the average price of general-purpose ABS mainstream offer was about 18225 yuan / ton, an increase of 2.39% over the price level at the beginning of the month and 9.79% over the same period last year.

Factor analysis:

Industrial chain: the upstream styrene increased greatly due to the upward trend of international oil price and the benefits of chemical chain products. The recent rise is strong and has been corrected this week. In addition, some production lines are shut down for maintenance, and the support for styrene at the supply end is strengthened.

The price of acrylonitrile has been stable and small this week, and the upstream raw material market has strengthened, but it has not been fed back to the spot price of acrylonitrile, and the offer of merchants in the venue is still relatively stable. The on-site trading is general, the message surface is weak, and the procurement operation on the demand side is cautious.

The price of butadiene has been declining for more than a month. At present, the domestic butadiene market has increased slightly, and the market has stopped falling and warmed up, which has increased the enthusiasm of downstream position replenishment. With the price increase and transaction of northeast goods, the market focus is on the rise as a whole.

The upstream market fluctuated, and the cost side support of ABS was general. In terms of operating rate, the newly increased capacity in the early stage and the maintenance plans of several production lines exist at the same time. The recent power restriction environmental protection policy and shutdown maintenance of some enterprises have caused a certain loss of capacity, and the decline in operating rate of ABS industry is good for the supply side. At the same time, there is a certain amount of downstream demand, and the terminal enterprises just need to take the goods.

Future forecast:

Business analysts believe that the ABS spot market fluctuated this week, and the trend of the three upstream materials fluctuated, which generally contributed to the ABS. The operating rate of domestic ABS related enterprises has decreased due to the impact of environmental protection related policies, but there is a certain rigid demand at the terminal in peak season to support the kinetic energy in the field. After the spot rose, it was resisted by the buyer. In the second half of the week, the merchant sold the goods at a profit and made an offer callback. It is expected that the ABS spot market may still fluctuate slightly in the short term.