Analysis of ABS price of plastic raw materials on

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January 20 ABS price analysis of plastic raw materials

I. brief introduction of the market

abs market generally stabilized, and individual brands were slightly sorted out. Traders mainly follow the market and have a flat mentality. The downstream is mainly on demand, and the wait-and-see remains unchanged

the overall demand of PS market is weak, and the quotation is mainly stable. The mentality of the merchants in the venue is weak, the enthusiasm of operation is not high, the downstream side is mainly on demand, and the wait-and-see mentality is strong

II. Overview of upstream market

US crude oil futures fell on Tuesday, and the settlement price of light and low sulfur crude oil futures on the New York Mercantile Exchange fell 96 cents, or 3.3%, to $28.46 a barrel. Brent crude oil futures on the European ICE Futures Exchange rose 21 cents, or less than 0.1%, to $28.76 a barrel

on Tuesday (January 19), the market quotation of styrene in Asia fell, and the price of f0b South Korea fell by US $14.5 to close at US $per ton; CFR China prices fell $14.5 to close at USD/ton

III. local market prices

market quotations are stable and small, downstream demand is still flat, and the wait-and-see atmosphere is strong

the ABS market in Ningbo is mainly stable, with few individual sources of goods and slightly higher prices. The negotiation atmosphere was weak, the downstream factories did not replenish much, and the transaction was smooth. Most supplies are normal

Dongguan ABS market was sideways sorted, with flat delivery and investment. Downstream factories replenished goods on demand, and procurement was relatively cautious. Middlemen have limited room to make profits. The supply of goods is basically normal

Dongguan PS market is stable and sideways, with light market trading. The lack of positive news to boost the market confidence. However, the ex factory price of PS is stable, and the offer of merchants is generally stable. Downstream buying is sluggish, and actual orders are limited

the focus of Ningbo PS market is stable, and the quotation of merchants is not high. There are many bad news in the upstream, which makes the mentality of businesses empty. The supply of goods is tight, but the downstream buying is weak, and the buyer and the seller are in a stalemate

IV. the global advanced polymer composite market is divided into two areas: resin and fiber. The latest quotation is

1. Petrochemical quotation

the listing price of CNPC East China ABS stabilized. The price of 0215a is 9150 yuan/ton, the price of 750A is 9250 yuan/ton, the price of 0215asq is 9150 yuan/ton, the price of 0215h is 9150 yuan/ton, and the price of GE150 is 9100 yuan/ton. Inventory is low, and recent shipments are average

the listing price of CNPC South China ABS stabilized, with 0215a price of 9150 yuan/ton and 750asq price of 9300 yuan/ton. Ge-150 price 9100 yuan/ton, 0215asq price 9150 yuan/ton, 0215h price 9100 yuan/ton. The inventory is not high, and the recent shipment is basically normal

PetroChina East China branch stabilized the ex factory listing price of Dushanzi Petrochemical PS, quoted 8050 yuan/ton for benzene penetration 500, and 8050 yuan/ton for benzene conversion Hi, which is a necessary testing instrument for metallurgy, machinery manufacturing and other units. Recent sales are average and inventory is not high

PetroChina North China branch has a stable price for Dushanzi Petrochemical PS, with the price of 8100 yuan/ton for benzene penetration 500 and 8150 yuan/ton for benzene HIE, which is the price of Tianjin warehouse

2. Mall quotation

as of 15:00, the quotation of some brands of ABS in China Plastics' spot market rose and fell, with a range of yuan/ton, of which 750a/Daqing Petrochemical reported a minimum of 10000 yuan/ton (up 700), 750nsw/Kumho, South Korea, reported a minimum of 9150 yuan/although the current object is in free fall motion in the air with an acceleration of g. the moment of just touching the spring is also g and has a downward speed. The motion below the ball is simple harmonic motion. The market demand for PE on the national side is still much higher than that of India tons (down 50), and dg-417/Tianjin Dagu reported a minimum of 9400 yuan/ton (up 100)

as of 15:00, the quotation of individual brands of GPPS in China Plastics' spot rose by 100 yuan/ton, and 525 yuan/ton in Jiangsu Leiden was as low as 8250 yuan/ton

v. future market forecast

the offer of petrochemicals is mainly stable, and downstream manufacturers continue to wait and see, with low procurement enthusiasm. The market reaction is still flat, and most traders' quotations follow the market. It is expected that the market will stabilize tomorrow, with some small movements

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