1、 Price trend:

According to a large number of data on the list of business agencies, the domestic ABS market fluctuated in April, and the amplitude of spot price adjustment was not large. As of Thursday, April 30, the main offer price of general-purpose ABS was about 10650.00 yuan / ton, 1.84% lower than the average price on April 1.

2、 Analysis of influencing factors:

Industry chain: ABS upstream, styrene market continued to decline in early April last month. March by crude oil chemical negative news negative, cost side weak drag on styrene prices. In addition, public health events led to increased panic in Europe and the United States, and the market fell sharply. In the middle of the year, the styrene market was mainly in shock performance, with a slight decline overall. On the whole, the market lacks strong support points. Styrene is expected to be oversupplied in May, but crude oil has a greater impact on the styrene industrial chain. The trend of international crude oil is quite volatile, and the overall oil price is unstable, but there is still a possibility of rebound. It is expected that styrene will be mainly consolidated with weak shocks, and the market demand will pay close attention to the trend of crude oil price;

The market trend of acrylonitrile this month is general. At the beginning of the month, new production capacity was put into production and inventory pressure was transmitted, and the negative market dominated. The downstream return rate is still lower than that before the festival, and the load is generally not high. Large scale stock of goods is naturally less and demand is weak. In addition, affected by the external market, the price further narrowed, and the price of acrylonitrile stabilized by the middle of the year. The end of the month is close to the traditional maintenance peak season, and some enterprises in the site have plans to reduce production to ease the supply pressure. But at present, the mentality of the industry is still wait-and-see, and the market lacks direction;

The domestic butadiene market price fell this month, with a large drop in the first and middle of the month. In terms of demand, the downstream inquiry atmosphere was low, the butadiene merchants had a large resistance to delivery, dragging down the price pressure of suppliers, and the overall market focus continued to fall. In the middle of the year, the disk surface was gradually stable and the horizontal disk was running. In terms of external market, European market supply is under pressure, and the inventory of downstream rubber industry is high. At present, the domestic butadiene is abundant in spot supply, but some manufacturers have maintenance plans for their devices, the supply pressure has been eased, and the downstream takes goods cautiously;

3、 Future forecast:

Business analysts believe that: the ABS market in April was operating in a narrow range of shocks, and the spot prices of various brands rose and fell, and the amplitude was not large. Cost side of the upstream three short-term trend are general, the cost of support ambiguous. At present, the spot supply of ABS is relatively sufficient, but the downstream demand is weak and the contradiction between supply and demand is increasing. The business mentality is not strong. Negative still dominates, and it is expected that domestic ABS prices will continue to be weak in the near future.