A brief introduction to the spot ABS market of Chi

On January 19, China Plastics spot ABS market overview

China Plastics price index rose 9.01 points to 791.96 points, and there is no industry standard to limit the material performance or grade. The plastics spot index rose 0.52 points to 882.99 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $1.11/barrel to $36.51/barrel today, and Brent crude oil rose $1.88/barrel to 46.57 yuan/barrel

II. Manufacturer dynamics:

the European styrene market rose slightly, closing at 636 Five dollars. Some manufacturers are looking for goods to replenish their positions. BASF and Dow are looking for European sources of goods in January. It is reported that 1000 tons of goods were traded at $650/ton and $671/ton fobrdam respectively. As the U.S. market is valued at $551/ton, FOB American valve needle enters and retreats 1mm ports, and the freight from the United States to Europe is $1/ton. At present, the price in Europe is higher than that in the U.S. market due to the production of some devices, so there is more room for arbitrage from the United States to Europe. LyondellBasell, BASF, shell and total have been parking since December, with an estimated reduction of 100000-250000 supplies

crude oil futures rose and fell on Friday. Asian pure benzene FOB South Korea closed at $356/ton this weekend, up $26/ton from the assessed price of $330/ton last Friday, and FOB Southeast Asia closed at $1/ton. Despite the decline of WTI crude oil in February, the FOB US Gulf pure benzene price market is still strong. In March and April, the offer price and offer price in Asia were 358 US dollars/ton/370 US dollars/ton and 363 US dollars/ton/ton respectively, which was not only in line with the market, but also 380 US dollars/ton. Samsung sold a single order to Mitsui, and the cargo turnover in March was $360/ton. Although the price of pure benzene rose, the price of naphtha and pure benzene remained upside down. In the first quarter of 2009, due to a large number of imported goods, it is expected that the pure benzene market is still rich

the high rebound effect of materials can feed back a lot of energy. III. local market conditions:

the ABS market in Dongguan continues to be light, the atmosphere is mainly wait-and-see, the downstream part has been on holiday, the purchase intention is poor, and the transaction is depressed. 0215a is reported as 9100 yuan/ton, 750A is reported as 9100 yuan/ton, 15a1 is reported as 9150 yuan/ton, Ning 121h is reported as 9100 yuan/ton, 757 is reported as 9350 yuan/ton. The above quotations do not include tax

Ningbo LG Yongxing ABS continues to be listed for sale, and the 121h reference listing price is 9600 yuan/ton. It is reported that the settlement price of some large orders last week was around 9200 yuan/ton. Recent sales are OK, and there is not much inventory. The operating rate of the unit is about 60%

this morning, the ps/abs market trend of Yuyao plastic city did not improve significantly. The quotation basically maintained the level of last weekend. Most merchants followed the market, while the downstream always maintained the state of ready to use. The overall market transaction was weak, and the weak market situation continued. At present, the latest mainstream quotation of domestic ABS is yuan/ton, and the mainstream quotation of imported ABS is yuan/ton. The mainstream quotation of GPPS is yuan/ton, and that of hips is yuan/ton

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