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The sudden rebound of styrene in June boosted the spot market, and the ABS market experienced a small short-term demand peak, and quotations were generally higher
.
Tight spot became the key
to supporting the ABS rally in June.
According to news, the 200,000-ton ABS plant of Haili and the 70,000-end ABS plant of Jiangsu Shengxiao that were originally expected to be launched in the third quarter will be postponed to the fourth quarter before normal mass production
can be carried out.
It is likely that only the 50,000-ton Guangxi Keyuan plant
, which was put into operation in the third quarter, will be able to supplement domestic ABS production capacity within the year.
At the end of last year and the current situation, it has proved that China's existing ABS production capacity is weak in supply under the condition of continued strong downstream demand
.
As the shock of styrene falls, the downstream resistance to high-priced sources exists, and although manufacturers still sell at high prices, the transaction tends to be
deadlocked.
It is expected that the ABS market quotations will have limited
upside next week.
