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At the beginning of 2019, the supply of the ABS market was tight, the inventory of merchants was low, and the overall performance of the market remained stab.
Upstream monomer price chart:
In terms of upstream monomers: ethylene soared before the holiday, and demand recovery provided support for the rising price of styrene market, but after the holiday, the port styrene inventory level was high, and the downstream resumption of work was slow and the procurement was temporarily we.
ABS price trend in China Plastics City
As the downstream factories are still in the stage of increasing production capacity and demand has not yet fully recovered, the general trading atmosphere in the ABS spot market is lig.
On the other hand, with the hot construction of the refining and chemical integration project, Hengli Petrochemical, Zhejiang Refinery and other large-scale new styrene units are planned to be launch.
To sum up: Since the demand of ABS downstream products enterprises is still in the rising stage in the second half of February, the trading performance of the spot market is still difficult to be optimist.
