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Weak support for upstream raw materials ABS market quotations fell

 Last Update: 2022-12-05
 Source: Internet
 Author: User

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platinum market price

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This week (May 8-May 12) the domestic ABS market continued to stabilize the downward trend, as of Thursday, Ningbo ABS market reference offer: 0215A reported 14050 yuan / ton, 121H reported 14600 yuan / ton, 15E1 Ning reported 13900 yuan / ton, 15A1 Ning reported 13900 yuan / ton, 707K reported 14150 yuan / ton, 417 reported 14250 yuan / ton, the overall decline was around 100-400 yuan / ton; Dongguan area reference offer (excluding tax): Zhenjiang Chimei 757K reported 13000 yuan / ton, Ningbo Taihua 15A 112700 yuan / ton, Jihua 0215A reported 13100 yuan / ton, Yongxing 121H agent reported 13300 yuan / ton, the overall decline from last week was around 200-500 yuan / ton
.

ABS market

Styrene prices continued to decline this week, especially the electronic market fell sharply again and tested low, which seriously suppressed the mentality
of market participants.
In addition, the overall performance of the US dollar disk is not good, the domestic mainstream production is on the market, some devices have recently been restarted, the supply has increased, and the terminal downstream is on demand, the market procurement demand is not good, the market is still in the long-term destocking and driving domestic demand stage; Another major raw material butadiene market is mainly wait-and-see, this week Liaotong Chemical supply price cut 500 yuan to implement 10710 yuan / ton, aggravating the market bearish sentiment, the market supply side is abundant
.

However, the overall trend of the rubber industry is weak, the downstream continues to be poor, the transaction is light, and the overall atmosphere is slightly flat
.
ABS costs are bearish and weak.

The ABS market is still expected to remain weak to the downside
next week.

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