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In 2018, the international crude oil market was turbule.
In general, the ABS market in the first quarter has been in a pattern of upside down and downside weakness for a long time, and the market has been falling continuous.
The above picture shows that the prices of mainstream brands in the ABS market in China Plastics City in 2018 were severely challeng.
The trend of styrene in Zhangjiagang
Styrene has experienced exaggerated ups and downs for many times during the ye.
ABS production capacity and downstream demand
In 2018, only Shandong Haijiang and Zhangjiagang Trinseo launched new ABS installations in Chi.
In addition, China's home appliance market demand experienced a boom in 2017, and entered a recession in the third quarter of 201 The growth of various categories generally slowed down or even declin.
To sum up, the enthusiasm of merchants in the pre-holiday market will gradually cool as the Spring Festival approaches, the contradiction between supply and demand will surface again, and the market may show a downward trend as demand weake.
