The monthly increase of 3300 yuan / ton, the shortage of goods, the surge in exports, the dare not to accept orders, ABS once again came out of the C position

I originally thought that the ABS market would "rehabilitate" after experiencing such a big increase last time, but what I never expected was that the plastic city ABS market ushered in a wave of general boom at the end of October, and the tidal force was too stro.

Trend of ABS related grades in China Plastics City:

(The above prices are as of the morning of November 2nd)

Cost side

Styrene port inventories have reached a new low since the Spring Festival, and are expected to continue to decli.

Supply side

From the perspective of supply, due to the active pre-sale of many ABS petrochemical manufacturers, the spot inventory continues to be tight, the futures surplus is insufficient, and the factory's available resources are limit.

Export of small household appliances ushered in "explosive orders"

According to public statistics, home life during the epidemic has significantly increased the frequency of use of home appliances, and overseas demand for small home appliances has grown significant.

After China resumed the utilization rate of production capacity, the export side climbed very obviously, including cross-border e-commerce, many manufacturing industries, and the export side has clearly increas.

There is a big gap in the employment of enterprises, and new orders are not dared to be accept.

Due to the impact of the new crown pneumonia epidemic, the outbreak of the "home economy" has become the main reason for stimulating the growth of the small household appliance mark.

To sum up, due to the repeated epidemics abroad, China took advantage of the complete industrial chain and economic environment to return orders for some products such as downstream household applianc.