The hottest spot ABS market of China Plastics on J

On June 27, the China Plastics price index rose 17.39 points to 1506.15, and the China Plastics spot index rose 1.27 points to 1438.38

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose 5.09 points to $139.64/barrel today, and Brent crude oil rose 5.50 points to $139.83/barrel

II. Manufacturer dynamics:

on June 26, the closing price of styrene in the United States was 73 75 cents/pound, about 1611-1622 dollars/ton, and the closing was stable for nine trading days

styrene FOB Korea closed 1614 US $50, CFR China close 1630 75. Affected by the weakening downstream demand, it closed down $5 and $1.25 respectively. At the close of the day, only one order of goods under July was offered at US $1625 FOB South Korea, and there was no counter-offer. There is no recovery in downstream demand in China. In addition to strictly controlling the temperature, manufacturers in Japan, South Korea, Taiwan and other places are facing cost pressure, and insiders feel confused. Shell's negative news has little impact on the Asian market, especially when the Asia US acquisition window is closed. According to the analysis of insiders, the spot goods in the Middle East may replace the sources of goods from Japan and South Korea and be sold to Europe. In this regard, another derusting paint is carried out in the closed workshop. Some businessmen believe that at present, it is more psychological factors at work. After all, the pressure from upstream costs is obvious. In the domestic market, the negotiation range in Jiangsu is yuan/ton, and the mainstream negotiation in South China rail transit is yuan/ton. The negotiation in domestic markets is light

III. local market conditions:

ABS price of Jilin Petrochemical is stable. 0215a the ex warehouse price in the province is 16550 yuan/ton. This week, the sales are light, and the inventory is not much. Most of the sources of goods are sent to PetroChina region for sales. The production of the device is basically normal

the public quotation of Zhenjiang Qimei ABS stabilized. The price will be implemented from June 20 to 30. This week, the sales are not smooth, the inventory is not much, and the operating rate of the device is about 50%

the ABS offer of Ningbo Taihua Chemical Co., Ltd. was stable. 15a1 reference quotation is 18000 yuan/ton, 12a1 reference quotation is 18000 yuan/ton, and 15e1 reference quotation is 17800 yuan/ton. The actual transaction price is preferential to a certain extent. The recent sales situation is general, and the inventory is small. Its ABS unit has not yet resumed production

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