Price trend:

According to the bulk list data of business society, the domestic ABS market generally weakened in early December, and the spot prices of various brands were mostly reduced. As of December 3, the average price of mainstream offer of general-purpose ABS was about 16050 yuan / ton, up or down – 0.93% compared with the price level at the beginning of the month.

Factor analysis:

Industrial chain: in terms of upstream styrene, crude oil continued to decline, international health events worsened, and the market fell deeply. In the short term, styrene is still expected to rebound after falling continuously, but the overall demand is still weak.

Acrylonitrile prices were sorted out and operated this week. The upstream raw material market was general, the on-site supply increased, the supply of goods in some regions was tight, the merchant offer was strong, and the market change was limited.

Butadiene market fell and remained in a deep downward channel this week. The external market and the domestic market weakened at the same time. In addition, the restart of enterprise devices was bad, the market supply increased, and the downstream demand was mainly just demand. There was no obvious good in the short term, the trading atmosphere was light, and most people in the industry were bearish. The butadiene market was not optimistic.

The overall upstream market of ABS is weak, and the cost side support of ABS is weakened. In terms of operating rate, recently, the shutdown and maintenance equipment and resumption of production capacity are mutually present. In addition, the new production capacity of polymerization plant is implemented, and the overall supply is increased. Double limit and other environmental protection policies still have an impact on the market. The bad overseas market drags the domestic price, the on-site demand is weak, the merchant shipping pressure is increased, and the goods are passively reduced.

Future forecast:

Business analysts believe that the spot market of ABS continued to decline in early December, and the overall trend of the three upstream materials was weak, which weakened the assistance to ABS. The domestic spot price is mainly affected by the gradual weakening of demand and the reduction of market momentum. It is expected that the ABS spot market may still fall in a narrow range in the short term.