Price trend:

According to the bulk list data of business society, the domestic ABS market was upward in early September, and the spot price rose slightly. As of September 3, the average price of mainstream offer of general-purpose ABS was about 18150 yuan / ton, an increase of 0.69% over the average price at the beginning of the week and 21.81% over the same period last year.

Factor analysis:

Industrial chain: the recent decline in international oil prices has warmed up, and pure benzene has shown a steady rise. The cost support of styrene was greatly affected by its direct raw material pure benzene, and the spot price was pushed up. However, there is little demand follow-up, the market resistance point is clear, and the industry has a bearish attitude towards the future market.

The price of acrylonitrile was strong this week. Previously, the maintenance output has recently restarted, the market supply has rebounded, the positive effect on the supply side has weakened, and the actual orders of traders have decreased secretly.

The domestic butadiene market continued to be weak this week. It is reported that there is news about the start-up and production of new units in the industry. At present, there is an expectation of supply increment in the field, and the decrease in demand caused by the reduction of downstream enterprises. The contradiction between supply and demand on the floor increased, the spot price pressure was large, and the support for ABS was weakened.

The upstream market fluctuated, and the cost side support of ABS was hard to say. Last month, the operating rate of the industry was almost full. Recently, the maintenance and parking plans of some enterprises have been announced, and the on-site supply is expected to tighten. It is expected that the good supply side will gradually release the good spot price next week. At the same time, the traditional peak season is at hand, and there are goods preparation expectations in the downstream. However, as far as the current situation is concerned, users have a strong resistance to high price sources, and there is no large number of goods preparation operations.

Future forecast:

Business analysts believe that the spot market of ABS was strong in early September, and the trend of the three upstream materials fluctuated, which generally contributed less to ABS. The industry load is expected to decline at a high level. At present, in the traditional peak season, the demand volume expectation is superimposed on the good of the tightening of the supply side. Although there are few on-site transactions and the mentality is contradictory, the ABS is good and stable. It is expected that the ABS spot market may be easy to rise and difficult to fall in the near future.