The hottest spot ABS market of China Plastics on M

On May 26, the China Plastics price index rose 10.44 points to 1401.21 points, and the China Plastics spot index rose 2.25 points to 1333.83 points

I. at present, two upstream standards have been approved by the National Standards Commission:

WTI crude oil on the New York commodity futures exchange rose sharply today by $1.38 to $132.19/barrel, and Brent crude oil rose by $1.06 to $131.57/barrel

II. Manufacturer dynamics:

as of 10:22 on May 26, Beijing time, New York light oil's July 2008 futures electronic disc was 132.57 per barrel, up 0.38 from the previous closing price, with a trading range of 131 82 dollars

due to the further intensification of the shortage of supply, the butadiene price in Asia continued to rise this week, and CFR China soared by $75/ton to $2150/ton. There are three main reasons for the continued bullish butadiene price in the future: first, the prices of crude oil and naphtha continued to rise, and the cracking profit gradually decreased, so there is no possibility to increase the unit operating rate. As of this Thursday, Although the price of Asian naphtha CFR Japan rose to $1122.3/ton, the manufacturer's profit is still decreasing because the price of ethylene in Asia remains stable; Second, in order to reduce production costs, many manufacturers have to reduce the output of butadiene; Third, due to the planned overhaul work, all petrochemical enterprises are building inventory, which has made the spot supply Limited (Singapore Petrochemical is arranged from late July to late August, and Taiwan chemical is arranged in September)

in the Chinese market, some styrene butadiene rubber manufacturers said that the quotation of butadiene in China was at the CFR Chinese level of 2100 US dollars/ton. SBR (styrene butadiene rubber) manufacturers said that there was no reduction in plant operation at present, while the price of SBR efficient molding and gross profit enhancing solution was 2600 US dollars/ton, with a relatively thin profit margin, while polybutadiene rubber was strong at 3000 US dollars/ton, with a fair profit margin. However, some traders said that no matter how depressed ABS, thermoplastic elastomers and polybutadiene rubber are, the price of SBR is still acceptable, so the demand for butadiene will remain strong. Market news said that the market performance was calm this week, and there were still no trading reports

III. local market conditions:

after the ex factory quotation of Changzhou Xinhu ABS rose by 200 yuan/ton last Friday, "size is the key", the quotation was stable on Monday morning. The quotation of ac-800 is 16100 yuan/ton, and ac-810 will not be produced temporarily. Last week's sales were OK, the inventory was not high, and the device operated normally. At present, the mainstream quotation of ac800 in East China market is about 15800 yuan/ton

the quotation of Ningbo Taihua ABS is stable, with 15a1 reference quotation of 16400 yuan/ton, 12a1 reference quotation of 16400 yuan/ton, and 15e1 reference quotation of 16200 yuan/ton. The actual transaction price is slightly preferential. The recent sales are normal, the inventory is not much, and the production of the device is normal. The offer in East China market is yuan/ton

the market atmosphere of ps/abs in Yuyao plastic city is heating up, and the market is steadily rising. Driven by the strong upstream market, the market quotation has risen, but the downstream demand has not significantly improved, and the transaction is still relatively general. Although there are not many market resources, the high price is difficult to digest. 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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