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Trade Service
On February 23, the general preference of the trend of the main domestic ABS market, some quotations rose
.
Market sentiment remains flat, with traders still being the mainstream operating method, while downstream market demand remains low
.
Oil prices surged on Monday, with light sweet crude futures for March delivery on the New York Mercantile Exchange closing up $1.
84, or 6.
2 percent
, at $31.
48 a barrel.
Brent crude futures on the European ICE futures exchange rose $1.
68, or 5.
1 percent, to $34.
69 a barrel
.
In the spot market, the ABS market quotation is stable and small, the downstream demand is still flat, and the wait-and-see atmosphere is strong
.
Dongguan's ABS market rose to varying degrees, with the increase concentrated in 30-100 yuan / ton
.
Middlemen's offers were generally higher, downstream factories were mainly wait-and-see for the time being, and follow-up was relatively slow
.
The overall supply is abundant, and some grades are slightly tight
.
The Ningbo ABS market offered about 100 yuan / ton, and the middlemen generally rose, but there was a small space
for negotiation in the actual transaction.
Downstream factories are mostly wait-and-see for the time being, most of them are well supplied, and some are slightly tight
.
Due to the increase in petrochemical quotations, traders' enthusiasm has increased
.
It is expected that the ABS market may be partially upside tomorrow
.
