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ABS price trend in China Plastics City :
China Plastic City ABS Price Trend: China Plastic City ABS Price Trend: ABS
Beginning in mid-to-late July, the plastic city ABS market changed from the slight rebound trend in early July, and the market trend changed abrupt.
Upstream monomer price trend:
Upstream monomer price trend: Upstream monomer price trend:
Upstream monomers: In the past 30 trading days, some stockholders in the market took profits, the styrene market fell further, most domestic companies adopted price reduction promotions, downstream factories maintained low demand, and the spot market was "buying up and not buying down" Psychologically, the wait-and-see mood increas.
In terms of acrylonitrile, the spot supply of related products is slightly tight, the downstream demand remains rigid, the supply and demand in the market are basically balanced, and the domestic quotation is temporarily stab.
In terms of butadiene, the low inventory supported the continuous increase in supplier prices, and the high spot transactions in the market boosted the market to continue to ri.
Production and sales dynamics of downstream products:
Production and sales dynamics of downstream products:Production and sales dynamics of downstream products:From January to June 2019, the national output of household refrigerators was 4504 million units, a year-on-year increase of 5%; the output of room air conditioners was 11788 million units, a year-on-year increase of 10%; the output of household washing machines was 3325 million units, a year-on-year increase of 1
According to statistics from the Association of Automobile Manufacturers, China's automobile production accumulated to 1933 million units from January to July 2019, a year-on-year decrease of 1
Factors affecting the market outlook:
Factors affecting the market outlook:Factors affecting the market outlook:Downstream: August is still the traditional off-season for production, and the level of production and sales of downstream enterprises remains l.
In terms of petrochemicals: There are no major overhaul devices for ABS recent.
Comprehensive data from all parties shows that for the market outlook, under the current trade and economic environment, the demand for downstream factories is weak, and the traditional export demand season is hard to be optimist.
