1、 Price trend:

According to the data of the bulk list of business agencies, in the week from April 20 to April 25, the domestic ABS market fell, and the spot market price mostly decreased by a small margin. As of Friday, April 25, the main offer price of general-purpose ABS was about 10850.00 yuan / ton, down 1.81% from the average level at the beginning of the week.

2、 Analysis of influencing factors:

Industry chain: in all upstream aspects of ABS, this week’s styrene market was mainly characterized by shocks, with a slight decline overall. Generally speaking, the whole styrene market lacks strong support points. Styrene is expected to be oversupplied in May, but crude oil has a greater impact on the styrene industrial chain. The trend of international crude oil fluctuated sharply, and the overall oil price fluctuated downward. There is still a possibility of rebound. It is expected that styrene will be mainly consolidated in a weak shock next week, with a price of 4400-5200 yuan / ton. The market needs to pay close attention to the trend of crude oil price;

This week, the market of acrylonitrile was stable temporarily. In the near future, it will enter the traditional maintenance peak season, and some enterprises in the site also plan to reduce production to ease the supply pressure. The downstream return to work rate is still lower than that before the festival, and rigid procurement is adopted for goods preparation, but the demand has not improved. At present, the mentality of the industry is still wait-and-see, and the market lacks direction;

The domestic butadiene market fell sharply in the first and middle of this month, and is currently in a sideways position. The downstream inquiry is sluggish, and the resistance of butadiene business to delivery is still there, so the market has a heavy wait-and-see mentality. In terms of external market, European market supply is under pressure, and the inventory of downstream rubber industry is high. At present, the domestic butadiene is abundant in spot supply, but some manufacturers have maintenance plans for their devices, the supply pressure has been eased, and the downstream takes goods cautiously;

3、 Future forecast:

Business analysts think: this week, the ABS market is weak and stable, and the spot prices of various brands are adjusted in a narrow range. Cost side of the upstream three short-term trend are general, the cost of support ambiguous. At present, the spot supply of ABS is relatively sufficient, but the downstream demand is weak and the contradiction between supply and demand is increasing. The business mentality is not strong. Negative still dominates, and it is expected that domestic ABS prices will continue to adjust in the near future.