Price trends:

According to the data from the business associations’list, the ABS market in China ran smoothly in the third week of August and the price was stable temporarily. As of August 16, the mainstream offer price of general-purpose ABS was about 12650.00 yuan/ton, almost unchanged from the beginning of the week.

2. Analysis of influencing factors:

Industry chain: ABS upstream aspects, this week styrene market prices continued to rise. Influenced by the news of the easing of Sino-US trade, the on-site environment is temporarily favorable. The price of most domestic enterprises has been revised back, and the demand of the downstream main body remains at a low level, so the purchasing strategy of just-in-demand has been adopted. Recently, international oil prices have been rising and falling, and the direction is uncertain. In addition, the RMB exchange rate continued to depreciate, the industry is cautious. It is expected that the price of styrene will be in full operation in the near future. Spot prices of domestic acrylonitrile-related products will remain stable this week, downstream demand will remain just in demand, and supply and demand will be basically balanced in the field. On-site delivery is normal, and TRADERS’willingness to ship goods increases. It is expected that the trend of domestic acrylonitrile quotation will be narrowly adjusted in the near future. This week, the domestic butadiene market will rise slightly. Although the price of suppliers has not been significantly adjusted for the time being, some business offers are relatively strong, but the downstream inquiry intention is weak, and sporadic discussions are mainly low-end. Fushun Petrochemical announced its export plan, together with a certain amount of other export manufacturers, the expected increase in market supply is obvious; however, the downstream rubber market is weak, some private enterprises parked, the supply and demand fundamentals weakened, and the business mentality is empty. Short-term domestic butadiene market is not without downward expectations, it is recommended to pay attention to the latest prices and transaction situation of manufacturers.

3. Future market forecast:

Business analysts believe that the recent domestic ABS offer is stable. Among the upstream three materials on the cost side, this week’s sustained rise in styrene has some support for ABS. The downstream factories have limited improvement in demand, and there are more empty orders in the market. Sino-US talks to ease the release of news are positive, but the overall market momentum is insufficient. It is expected that the recent ABS offer trend will continue to shake the whole market.