The hottest spot ABS market of China Plastics on M

2022-09-19
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On March 14, the China Plastics price index fell 0.57 to 1293.9 points, while the China Plastics spot index rose 0.51 to 1261.57 points

I. upstream express:

WTI futures closed at $110.33 per barrel in New York commodity futures trading, up $0.41 from the previous trading day

styrene FOB Korea closed in US dollars and CFR China closed in US dollars, down US $2.5 and US $3/ton respectively. The market was light on the day

II. Manufacturer dynamics:

the ex warehouse price of CNPC southwest ABS today increased by 100 yuan/ton, the ex warehouse price of 0215a was 15550 yuan/ton, the ex warehouse price of 750A was 15500 yuan/ton, the ex warehouse price of 301 was 15600 yuan/ton, and the ex warehouse price of 301w was 15300 yuan/ton. At present, the inventory is normal and the sales are average

after the ABS quotation of Panjin Ethylene was increased by 300 yuan yesterday, ch510 was quoted at 14900 yuan/ton, and the contract price was slightly lower by 150 yuan/ton. The goods were officially released today. Recently, there is not much inventory and production is normal

Ningbo LG Yongxing ABS continued to announce its suspension of trading, and the company said it would wait for the new cost accounting to be completed before introducing the new price. The new price is expected to be introduced early next week. The reference quotation of 121h in the early stage was 16200 yuan/ton, and the actual transaction price was slightly lower than the quotation. The recent sales situation is general, and the production and inventory of the device are normal

the quotation of Ningbo Taihua ABS is stable. 15a1 reference quotation 1630 is convenient for data analysis and migration. 0 yuan/ton, 12a1 reference quotation 16300 yuan/ton, and 15e1 reference quotation 16100 yuan/ton. There is a certain gap between the actual transaction price and the quotation. The sales are OK, the inventory is not much, and the device is in full production

the quotation of Zhenjiang Guoheng ABS stabilized, with D180 quoted 15900 yuan/ton and D190 quoted 15800 yuan/ton. The actual transaction price is slightly lower. The shipment is OK, the inventory is normal, and the device is in full production

III. local market conditions:

crude oil continues to hit new highs, while many downstream products are unable to rise again, mainly because end users have limited ability to accept high prices. Today, the ABS quotation in most domestic markets tends to be stable, and most merchants have a slight discount in the actual transaction, but there is little room for profit

the ABS market in Yuyao plastic city has increased steadily, but its popularity is still insufficient. Although the crude oil price assumes that the caliper is partially blocked, the styrene monomer is still at a high level, and the ex factory price of petrochemical enterprises has to rise. However, the downstream factories did not respond positively, and their resistance to high prices increased, so the actual transaction is still not ideal, and there is great resistance to the further improvement of the market. The latest mainstream quotation is yuan/ton for domestic ABS and yuan/ton for imported ABS

the offer of Dongguan ABS traders is relatively stable, the transactions on the floor are general, and the overall supply of merchants is not much. 757 yuan/ton, 0215a 14800 yuan/ton, 15a1 14950 yuan/ton, ac800 14700 yuan/ton, 707k 15000 yuan/ton, 757K 15300 yuan/ton. The above quotations do not include tax

Shunde ABS is relatively stable today, and the effect is general after traders' quotations rose slightly a few days ago. 757 yuan/ton, 0215a 14850 yuan/ton, 15a1 15100 yuan/ton, ac800 14850 yuan/ton, 750A 15750 yuan/ton. The above quotations do not include tax

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more letters and providing strong support for the aluminum Shandong enterprise, which has built a first-rate team with excellent technology, to improve the research and utilization capacity of high-end materials. It does not mean to agree with its views or confirm the authenticity of its content

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