[abs weekly outlook] domestic abs market prices expected to remain in narrow range this week
I. Points of Attention
1 、 Crude oil : 9/5: The market continues to focus on this Sunday’s OPEC+ The meeting, concerned about the introduction of a new production increase plan, led to a drop in international oil prices. NYMEX Crude oil futures 10 Contract 61.87 Fall 1.61 USD / Barrel, month-on-month -2.54% ; ICE Brent crude futures 11 Contract 65.50 Fall 1.49 USD / Bucket, month-on-month -2.22% China INE Crude oil futures 2510 Contract decline 1.3 To 482.3 Yuan / Barrel, night session drops 10.4 To 471.9 Yuan / Bucket.
2. Price List Form:
Product |
Region |
9-4 |
9-5 |
Rise and Fall |
Styrene |
China |
862.5 |
877.5 |
15 |
Styrene |
South Korea |
852.5 |
867.5 |
15 |
Styrene |
East China |
7035 |
7155 |
120 |
ABS |
Yuyao |
9500 |
9500 |
0 |
ABS |
Dongguan |
8520 |
8520 |
0 |
Note: 1 The US dollar price of styrene is in USD/ton, while the prices of styrene in East China and ABS are in RMB/ton. 2 ABS selects Yuyao Zhongyou 0215A. 3 The above RMB prices are tax-inclusive for East China and cash prices for Dongguan. 4 The rise and fall are month-on-month changes. |
3. Market Outlook
Last week, market transactions remained driven by just-in-time demand, market prices were on a downward trend, and there were mostly bearish factors within the market. Many traders offered discounts to move goods. It is expected that this week domestically... ABS Market price Maintain a narrow consolidation pattern.
4. Data Calendar
Data Project |
Publication Date |
Previous Data |
The trend for this period is expected |
ABS Capacity utilization rate |
Thursday 4:00 PM |
69% |
↓ |
1 Consider large fluctuations as those with an increase or decrease of more than 3%, and highlight the corresponding data dimensions. 2 Considered as narrow fluctuations, highlighting data with a rise or fall within 0-3%. |
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