Hottest April 26th, 2016 ABS price line of plastic

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Analysis of ABS price of plastic raw materials on April 26th, 2016

I. brief introduction of the market

the overall atmosphere of ABS market is flat, and the quotations of individual brands are sorted out. In terms of upstream styrene, it is still possible to continue to shake and consolidate in the short term. In the absence of clear positive support in the spot market, the market continued to be in a narrow consolidation state

ps market generally stabilized, with individual small declines. The deal is still not ideal. Traders operate in low positions, and even become a new label to highlight personal taste. They all follow the market. The demand of downstream factories is not high, and the intention of receiving goods is weak, most of which are used now and bought now

II. Brief introduction to the upstream market

crude oil futures fell on Monday. The New York Mercantile Exchange (NYMEX) June U.S. WTI benchmark crude oil futures came to the forefront of the industry at the close of trading, falling $1.09 or 2.5% to $42.64 per barrel. The London Intercontinental Exchange (ice) June Brent crude oil futures closed down $0.63 or 1.4% to $44.48 per barrel

on Monday (April 25), the market quotation of styrene in Asia fell, and the price of f0b South Korea fell by US $15 to close at US $per ton; CFR China prices fell $14 to close at USD/ton

III. local market prices

market quotations have fallen steadily, downstream demand is still flat, and the wait-and-see atmosphere is strong

the market price of ABS in Yuyao is partially lower, the on-site real order negotiation is flat, the middleman shipment is poor, the supply of goods is abundant, and the demand of downstream factories is weak

some prices in Dongguan ABS market are slightly lower, market inquiries are less, on-site negotiations are weak, middlemen have a poor mentality, and the actual shipment is better. The supply of goods is basically normal

the stable part of Yuyao PS market weakened, with a range of about 100 yuan/ton, and the trading atmosphere was flat. Production enterprises PS factory price stability support, merchants offer little change. Weak monomer, coupled with sluggish demand, more market pessimism, and limited on-site negotiations

Dongguan PS market is stable and small, with a range of about 50 yuan/ton, and the market trading atmosphere is general. Empty and multi news stalemate, market consolidation in a narrow range. The downstream just needs to take goods, and the on-site transaction has not improved

IV. the latest quotation

1. Petrochemical quotation

the listing price of CNPC East China ABS is stable, with 0215a price of 10700 yuan/ton, 0215asq price of 10700 yuan/ton, 0215h price of 10700 yuan/ton, and GE150 price of 10650 yuan/ton. 750A price 10700 yuan/ton. Inventory is low, and recent shipments are average

low noise during middle working hours, southwest ABS is sold at the original price, with 0215a price of 10600 yuan/ton, 750asq price of 10650 yuan/ton, h816 price of 10550 yuan/ton, 301 price of 10500 yuan/ton, GE150 price of 10550 yuan/ton, 0215h price of 10550 yuan/ton. The product inventory is normal, and the recent shipment is average

PetroChina South China branch lowered the price of Dushanzi Petrochemical PS by yuan/ton, quoted 8800 yuan/ton for benzene penetration 500, and 8900 yuan/ton for benzene modification HIE. The inventory is OK, the recent downstream demand is not high, and the sales are average

PetroChina North China branch has a stable listing price for Dushanzi Petrochemical PS. are benzene penetration 5 testing machines the same? 9100 yuan/ton for benzene and 9250 yuan/ton for benzene HIE, which is the price of Tianjin warehouse

2. Mall quotation

as of 15:00, the quotation of some brands of ABS in China Plastics spot fell by yuan/ton, of which 0215asq/Jilin Petrochemical lowest reported 10600 yuan/ton (down 900), 275/Huajin Chemical lowest reported 9600 yuan/ton (down 200), dg-417/Tianjin Dagu lowest reported 10300 yuan/ton (down 100), hi-121h/lg Yongxing lowest reported 10900 yuan/ton (down 100), pa-757/Taiwan Qimei lowest reported 11500 yuan/ton (down 450), Pa-757k/Zhenjiang Qimei lowest reported 11100 yuan/ton (down 300)

as of 15:00, the quotation of individual brands of hips in China Plastics' spot rose by 50 yuan/ton, and the lowest price of 825/Panjin Ethylene was 9350 yuan/ton

v. future forecast

prices of some petrochemical enterprises have been lowered, business confidence is weak, market transactions are not ideal, and the trading order continues to be deadlocked. The demand of downstream factories is poor, and there is more use and buy now. It is expected that the market will still be in a weak consolidation situation tomorrow

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