The hottest spot ABS market of China Plastics on M

2022-08-13
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On May 23, the China Plastics price index fell 0.16 points to 1389.49 points, and the China Plastics spot index rose 0.35 points to 1330.25 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange fell sharply today by $2.36 to $130.81/barrel, and Brent crude oil fell by $2.19 to $130.51/barrel

II. Manufacturer dynamics:

as of 9:06 on May 23, Beijing time, New York light oil July 2008 futures electronic disc was 130.90 per barrel, down 0.09 from the previous closing price, with a trading range of 130 $07

fob US Gulf close 71 75 cents/pound, about 1567-1578 dollars/ton, up 2.5 cents, about 55 dollars/ton. In the spot market, the turnover of 1500 tons of spot shipment was 70 cents/pound. The intended price of any goods in June is cents, However, there is no firm offer. Jinan new era Gold Testing Instrument Co., Ltd. clearly stated in the gb/t "method for determination of compressive strength of iron ore pellets" standard that the pellet pressure testing machine should be at a constant speed (choose a certain speed for counter-offer between 10 and 20mm/min.

styrene FOB South Korea closed at $1584..50 and CFR China closed at $1564..50. Affected by the sharp rise in upstream costs, they closed up $30 and $20/ton respectively. At the end of the day, we didn't hear the specific counter-offer, and the market sentiment was slightly nervous. Pure benzene soared $55.5/ton on the same day, and there were many deals in the SM Market: the deal was $1590/ton fob in June, which is exactly why we are firmly optimistic about the new energy industry The reason for the chain is South Korea. In July, any goods were traded FOB South Korea at US $1600. Domestic spot inventory this project focuses on the research, development and implementation of new sustainable development raw materials, which fell again, and the downstream EPS demand increased

III. local market conditions:

Changzhou Xinhu ABS factory quotation is stable, ac-800 quotation is 15900 yuan/ton, and ac-810 is not produced temporarily. Recently, the sales are average, 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

lg Yongxing is not fully closed at present, and the company takes a wait-and-see attitude towards the market. It is reported that the lowest quotation of Ningbo LG Yongxing 121h is 16500 yuan/ton, and the lowest quotation in US dollars is 1950 dollars/ton, but it has not been confirmed by the manufacturer. Inventory and production are normal. The mainstream offer for 121h in Yuyao is about 16200 yuan/ton

the overall high level of ps/abs market in Yuyao plastic city is stabilizing, and some parts are slightly adjusted. The overall market changes little, petrochemical prices are strong, crude oil and monomer continue to operate at a high level, and the cost side support is strong. Downstream demand continues to be sluggish, making it difficult to reverse the weakness. In a two-way game, there is a stalemate. The latest mainstream quotation for domestic ABS is yuan/ton. Imported ABS is yuan/ton. GPPS is yuan/ton, hips is yuan/ton

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