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    Home > Chemicals Industry > New Chemical Materials > ABS market high pullback, downstream buying is weak

    ABS market high pullback, downstream buying is weak

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    According to monitoring, this week, the ex-factory price of ABS was 16922.
    22 yuan / ton, down 188.
    89 yuan / ton from last week, a decrease of 1.
    10%, as of now the latest domestic ABS mainstream price is 16200-17500 yuan / ton, imported ABS mainstream price is 17000-19500 yuan / ton, the downward pressure of the transaction center is large
    .

    ABS

    Market analysis: This week, petrochemical plants continued to lower factory quotations, upstream styrene and butadiene fell weakly, affecting the spot market, downstream buying gas was weak, and the market atmosphere was
    deadlocked.
    Traders are more inclined to sell profitably, and the market supply in the circulation field is abundant
    .
    The transaction price of some domestic materials is inverted with the factory price
    .
    But manufacturers such as Chimei and LG still have a price mentality
    .

    This week's downside in the upstream market, especially the decline in styrene and butadiene, has increased bearish expectations
    .
    In addition, the low-priced supply of ABS circulation still needs time to digest, and downstream factories have certain resistance to high-priced raw materials, which have become factors for the decline of
    ABS.

    However, from the downstream data statistics, the total demand for white goods in March increased significantly compared with the same period last year, which has also become the key
    to supporting the mentality of manufacturers.
    Although the recent ABS market has weakened, in the medium and long term, ABS still has certain favorable support on the supply and demand side, and the price is unlikely to show a unilateral downward trend
    .

    Future market forecast: The ABS market may have room
    to rebound next week.

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