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ABS: Exploding positions! Conflict! Extremes will reverse or become an iron law of the market?

 Last Update: 2022-08-15
 Source: Internet
 Author: User

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"The extreme will be the opposite" is the law, which applies to almost any scene and any environme.

Polypropylene (PP) fiber material is undoubtedly an excellent examp.

The current star product, ABS resin, seems to be unable to escape the trouble of "extremely counterproductiv.

1: As can be seen from Table 1, the price of ABS in the South China region started to fall generally last Friday (October 1

area	factory	grade	October 15	October 16	ups and downs	Remark
Dongguan	Daqing Petrochemical	750A	14550	14400	-150	Excluding tax
Jilin Petrochemical	0215A	14800	14380	-420	Excluding tax
Ningbo LG Yongxing	121H	15000	14750	-250	Excluding tax
Ningbo Taihua	15A1	14900	14600	-300	Excluding tax
Ningbo Taihua	15E1	14600	14400	-200	Excluding tax
Taiwan Chemistry	15A1	14900	14400	-500	Excluding tax
Chi Mei Taiwan	757	16000	15500	-500	Excluding tax
Zhenjiang Chimei	757K	15450	15300	-150	Excluding tax
LG Huizhou	HP181	15000	14350	-650	Excluding tax
Tianjin Dagu	DG417	14100	13800	-300	Excluding tax
LG Chem	121H	16000	15600	-400	Excluding tax
Shunde	Ningbo LG Yongxing	121H	15150	14800	-350	no ticket
Taiwan Chemistry	15A1	14850	14600	-250	no ticket
Chi Mei Taiwan	757	16000	15750	-250	no ticket
Zhenjiang Chimei	757K	15500	15300	-200	no ticket
Tianjin Dagu	DG417	14050	13950	-100	no ticket
LG Huizhou	HP181	15000	14750	-250	no ticket
Shantou	Jilin Petrochemical	GE150	14300	14200	-100	no ticket
Zhenjiang Chimei	D190	14750	14700	-50	no ticket

Regional manufacturer grades on October 15th, October 16th, ups and downs Remarks Dongguan Daqing Petrochemical 750A1455014400-150 does not include tax Ningbo Taihua 15E11460014400-200 does not include tax Taiwan Chemical 15A11490014400-500 does not include tax Taiwan Chi Mei 7571600015500-500 does not tax LG121H1600015600-400LG121H1515014800-35015A11485014600-2507571600015750-250757K1550015300-200DG4171405013950-100LGHP1811500014750 -250 No-ticket Shantou Jilin Petrochemical GE1501430014200-100 No-ticket Zhenjiang Chimei D1901475014700-50 No-ticket regional manufacturer grades October 15, October 16, changes, remarks, regional manufacturers, October 15, October 16, changes, remarks, Dongguan Daqing Petrochemical 750A1455014400-150 Ex.

2: According to China Plastics Online's visit to some ABS merchants in China Plastics City, the situation of tight supply in East China caused by the priority supply of goods to South China before and after the Double Festival has basically been eliminat.

3: Although the order volume of large household appliances and automobile industries downstream of ABS has been hot since the third quarter, and the production and sales level has increased significantly year-on-year, due to the recent surge in ABS prices, the profits of manufacturers have been severely compressed, especially small and medium-sized enterprises have a strong resistance to high-priced supply, and some choose Purchasing on demand, waiting for the market to pull back while waiting; the other part chooses to temporarily replace production with relatively low-priced modified benzene, so the follow-up of transactions encountered certain resistan.

Summary: In my personal opinion, in the next 1-2 weeks, the price of ABS in China Plastics City may be adjusted downwa.

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