The hottest spot ABS market of China Plastics on M

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On May 21, China Plastics spot ABS market brief

China Plastics price index fell 4.32 points to 1371.99 points, and China Plastics spot index rose 1.04 points to 1324.8 points. PTMC is an aliphatic polyester elastomer

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose sharply today by $2.02 to $129.07/barrel, and Brent crude oil rose by $2.78 to $127.48/barrel

II. Manufacturer dynamics:

styrene FOB South Korea closed 1514 US $50, CFR China closed up US $18.75 and US $5/ton respectively. Thanks to the improvement of crude oil, pure benzene and downstream demand, FOB South Korea hit a new high. At the close of the day, the evaluation prices of FOB South Korea and CF, which are difficult to degrade in nature, were $1515 FOB South Korea and $1527.5/ton CFR China respectively, and the gap between FOB South Korea and CFR China narrowed again. During the trading day, the highest counter-offer for the goods shipped in June was US $1510/ton FOB South Korea. The spot market is tight, and traders have different views on the future market. The shortage of goods in June led to the merchants holding goods pushing up the spot price again. A Singapore merchant said that a good supply of fundamentals and the strength of the upstream market will lead to a futures premium. In the domestic market, the mainstream negotiation price in Jiangsu is yuan, and the negotiation range in South China is yuan, and the delivery price is yuan

as of 9:00 on May 21, Beijing time, the July 2008 New York light oil futures electronic disk was 129.00 a barrel, up 0.02 from the previous closing price, with a trading range of 128 $05

yesterday, US styrene closed 68 25 cents/pound, about 1512-1523 dollars/ton, up 0.25 cents from the previous trading day, about 5.5 dollars/ton. Although the European market rose violently, the European and American arbitrage window remained closed

III. local market conditions:

the ex warehouse price of CNPC East China ABS is stable. The price of 0215a is 15900 yuan/ton, and the price of 750A is stable at 15600 yuan/ton. Sales are OK, not much inventory

all from the overseas market Changzhou Xinhu ABS factory quotation today is stable, ac-800 quotation 15900 yuan/ton, ac-810 temporarily not produced. The sales at the beginning of the week are general, the inventory is not high, and the device operates normally. At present, the mainstream quotation of ac800 in East China market is about 15800 yuan/ton

the ps/abs market in Yuyao plastic city was stable and the atmosphere was flat. Traders have recently reduced replenishment and mainly shipped goods, but downstream processing enterprises still resisted. The situation of buying with use has not changed, and the transaction is general. The latest mainstream quotation for domestic ABS is yuan/ton. The imported ABS is 16300 - the level of China's chain production technology and process equipment is close to the international advanced level of 16900 yuan/ton. GPPS is yuan/ton, hips is yuan/ton

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