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On March 4, the main domestic ABS market continued to climb
upward.
However, due to the low downstream demand, the market atmosphere is still flat, the transaction is flat, and the merchants are more active in following up the operation, and the mentality of the future market is different
.
On Thursday (March 3), Asian styrene market quotations rose, F0B South Korea rose by $35 to close at $1095.
5-1096.
5 / ton; CFR China rose $35 to settle at $1120.
5-1121.
5/mt
.
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
.
Some merchants in the Ningbo ABS market are closed, and some existing offers are still rising, but the high-end has not heard of the transaction follow-up, and the wait-and-see mood of the industry is high, and there is not much
discussion.
Most of the supplies are abundant
.
The gains in the Dongguan ABS market slowed down, and a few offers weakened slightly
.
Some merchants tend to lock profits in shipments, and the real transaction is stored in the negotiation space
.
The middlemen have abundant supplies and mainly
digest inventory.
In terms of spot market conditions, petrochemical ex-factory prices
continued to rise.
Downstream continues to purchase on demand, with limited
receptivity.
It is expected that the ABS market will continue to rise
steadily tomorrow.
