The ABS daily review market continued to fall on S

ABS daily review on September 7: the market continued to fall

I. upstream dynamics

1. Crude oil:

at the close of Wednesday, the October futures of light crude oil on the New York Mercantile Exchange was $67.50 a barrel, down $1.10 from the previous trading day; October Brent crude oil futures on the London Intercontinental Exchange were $66.93, down $1.16

2. Styrene:

① East China market: major traders in East China Jiangsu Styrene Market Quote 11300 yuan/ton (out of the tank). The market mentality is still unstable, and the bearish atmosphere is still strong

② South China market: few merchants in South China styrene market are looking for offers. The spot price of a handymaker company in Zhuhai is 12400 yuan/ton, and the delivery price. The merchant reported that the shipment was average. Local small and medium-sized businesses generally have empty positions

3. Acrylonitrile: the external quotation of various enterprises is relatively stable, and the mainstream quotation is about yuan/ton

4. Butadiene: on September 6, the CFR quotation of China's main port of butadiene outer disk was US $1580/ton, equivalent to RMB 15200/ton

II. Trends of domestic ABS manufacturers

the quotation of Jilin Petrochemical ABS 0215a province has been reduced by 300 yuan/ton to 15110 yuan/ton. It is rumored that Ningbo Formosa Plastics has reduced the quotation of agents by 100 yuan/ton to 15500 yuan/ton. There is basically no news of factory price or device changes from other manufacturers

III. market conditions

today, various markets continue to decline, especially the Shunde market in South China, where the decline of both foreign and domestic materials is obvious. High performance fibers and composite materials are significantly lower, while other markets are steadily lower, but on the whole, transactions in various markets are not good, and goods cannot be moved. Downstream manufacturers are mostly waiting and waiting, and the mentality of traders is not good, and most of them are bearish

to sum up,

Regional

market

brand

price

rise and fall ↓ ↑

South China

Hong Kong

ag15a1 (Taiwan chemical)

1642

↓ 3

757 (Taiwan Qimei)

1715

↓ 9

ga850 (Thailand Petrochemical according to the size of the customer's test sample)

1642

↓ 8

Dongguan

ag15a1 (Taiwan chemical)

15450

↓ 50

757 (Taiwan Qimei)

15900

0

121h (LG Chemistry)

15400

0

0215a (Jilin Petrochemical)

15150

0

Shunde

ag15a1 (Taiwan chemical)

15400

↓ 100

757 (Taiwan Qimei)

15900

↓ 100

ga850 (Thai Petrochemical)

15600

↓ 200

0215a (Jilin Petrochemical)

15000

↓ 50

East China

Yuyao

757

17700

0

0215a (Jilin Petrochemical)

15350

↓ 50

750A (Daqing Petrochemical)

15300

↓ 50

15a1 (Ningbo Formosa Plastics)

15550

↓ 50

Hua torsion testing machine professional testing spring testing machine North

Linyi

0215a (Jilin Petrochemical)

14800

0

15a1 (Ningbo Formosa Plastics)

14900

0

(the above prices are in US dollars/ton in Hong Kong market, and yuan/ton in other markets; Dongguan, Linyi and Shunde are without tickets)

IV. aftermarket analysis

today's overall market situation is poor, and various markets continue to decline. Today, there are still manufacturers reducing factory prices, and the price adjustment of ABS petrochemical enterprises has been basically completed, waiting for more accurate information from the market. Crude oil fell sharply again yesterday, styrene accelerated its decline, and the downstream demand is not good. It is expected that the market will continue to decline tomorrow

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