ABS ended the year at a high level with no suspense

Since November, the quotations of ABS manufacturers have risen sharply, increasing by 1900~4300 yuan (ton price, the same below), and the quotations of individual models have exceeded 20,000 yuan

Regarding the short-term ABS market trend, industry insiders believe that the ABS market may end in a high-spirited situation due to tight supply and cost support

Supply is tight

According to industry insiders, in November, the tightness of the ABS market continued, downstream demand remained strong, and the price of superimposed raw materials skyrocketed.

In terms of supply, according to statistics, the average operating rate of the ABS industry in November was 101.

In addition to high load, high profit has also become the main theme of ABS in the fourth quarter

Market participants predict that the average domestic ABS operating rate will remain above 100% in December

Costs remain firm

As an ABS raw material, the styrene market has risen strongly in early November.

According to analysts, a fire broke out in the catalytic reforming unit of LG Chem in Yeosu on November 5, and its two sets of styrene units with a total production capacity of 500,000 tons/year were affected, and the negative load dropped to 55%, which could not meet the company's supporting 5 For the production of 10,000 tons/year PS, 100,000 tons/year EPS and 950,000 tons/year ABS units, raw materials have to be sourced from outside, resulting in a tight supply in the local styrene market

However, after styrene continued to skyrocket, the market returned to sideways after a series of slumps due to the positive liquidation of profit-making positions and the continuous increase of short positions

"Right now, the load of Abel's plant is increasing.

The continued rise in the price of acrylonitrile, another raw material of ABS, also supported the rise of the ABS market

demand heavy lifting

Jilin Petrochemical sales staff believe that the domestic ABS plant has basically maintained full or overloaded production since May, which is rare in many chemical industries, and its confidence comes from the strong support of demand

The strong demand in the downstream household appliances, automobiles and other industries after the epidemic has caused a significant increase in the apparent consumption of ABS in China year-on-year

The consumer market report shows that in October, the demand for the automobile market was strong, and the sales volume increased by 12% year-on-year, and the growth rate exceeded double digits for four consecutive months.

According to the National Bureau of Statistics, China's home appliance output showed an upward trend in October

"With the arrival of 'Double Twelve' and 'New Year's Day', demand is expected to remain good and will continue to play a supporting role in the ABS market

In addition to the above advantages, the epidemic has led to insufficient foreign production, and some orders have been transferred to domestic production, which has also increased domestic demand and has become another support for the high-level operation of the ABS market
.