Hottest May 25th, 2016 ABS price line of plastic r

On May 25th, 2016, ABS price analysis of plastic raw materials

I. brief introduction of the market

abs market quotation is generally stable, with individual declines. Downstream users have low enthusiasm to enter the market for purchasing, and the possibility of the market continuing to weaken still exists. At present, most of the venues are on the sidelines, and there are not many sources of goods in the hands of merchants

the overall trend of PS market is stable, with individual small declines. The cost is not well supported by the market. Most buyers hold a wait-and-see attitude. The overall market demand changes are limited, and the actual transaction negotiation is the main

II. Brief introduction to the upstream market

crude oil futures rose on Tuesday. The settlement price of WTI light and low sulfur crude oil futures for July delivery on the New York Mercantile Exchange (NYMEX) rose 54 cents to $48.62 per barrel, or 1.1%, and the settlement price of Brent crude oil futures in July on the London Intercontinental Exchange (ice) rose 26 cents to $48.61 per barrel, or 0.5%

on Tuesday (May 24), the market price of styrene in Asia fell, and the FOB South Korean price fell by US $14 to close at US $per ton of these high-performance aircraft engines representing the world's advanced level; CFR China prices fell $14 to close at USD/ton

III. local market prices

market quotations are stable and small, downstream demand is still flat, and the wait-and-see atmosphere is strong

the ABS market in Yuyao continues to consolidate weakly, the negotiation atmosphere is flat, and there is a small margin for profit in the actual transaction. The supply of goods is basically normal

the supply of some goods in Dongguan ABS market is relatively small, and the price is stable and firm. Some brands offer slightly weaker. The on-site negotiation atmosphere is general, and most middlemen enter with sales, and they are temporarily unwilling to replenish inventory in batches. Source of goods for SMM: it should be relatively normal a few days ago

Yuyao PS market was stable and small, with a few negative declines of yuan/ton, and the trading atmosphere was quiet. Crude oil ended four consecutive falls, but the focus of styrene was low and the market was more pessimistic. The market buying was flat, and there was little news of trading on the floor

Dongguan PS market was stable and sideways, with a range of yuan/ton, and the market trading atmosphere was weak. The supply of some goods was tight, and the quotation rose sharply. 123p, 525, 8250 Ning still fell. The downstream replenishment demand is not high, and I heard of sporadic small orders

IV. in terms of the latest quotation

although the melt strength of high molecular weight PPC is good

1. Petrochemical quotation

the listing price of CNPC East China ABS is stable. The price of 0215a is 9900 yuan/ton, the price of 0215h is 9900 yuan/ton, the price of GE150 is 9850 yuan/ton, the price of 750A is 9900 yuan/ton, and the price of 0215asq is 9850 yuan/ton. The inventory is normal, and the manufacturer's sales are average

the listing price of CNPC South China ABS is stable, with 0215a priced at 10200 yuan/ton, 750asq priced at 10200 yuan/ton, ge-150 priced at 10200 yuan/ton, 0215asq priced at 10200 yuan/ton, and 0215h priced at 10200 yuan/ton. Inventory is not high, recent sales are average

PetroChina East China branch reported a stable listing price for Dushanzi Petrochemical PS, with 8500 yuan/ton for benzene penetration 500, 8500 yuan/ton for 500N, and 8500 yuan/ton for benzene conversion HIE. Low inventory and stable export in the near future

PetroChina Southwest Company stabilized the pricing of Dushanzi Petrochemical PS, reporting 8550 yuan/ton for benzene penetration 500, and no article on the clinical experiment was found, reporting 8550 yuan/ton for benzene modified HIE. Inventory is low, and recent sales are average

2. Mall quotation

as of 15:00, the quotations of some brands of ABS in the spot of China Plastics Co., Ltd. were mixed, with a range of yuan/ton, of which 750a/Daqing Petrochemical lowest reported 9800 yuan/ton (down 100), 750nsw/South Korea Jinhu lowest reported 10200 yuan/ton (up 100), ge-150/Jilin Petrochemical lowest reported 9800 yuan/ton (down 100), pa-757k/Zhenjiang Qimei lowest reported 10500 yuan/ton (up 50)

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 8700 yuan/ton. As of 15:00, the quotations of some brands of GPPS in China Plastics' spot were mixed, with a range of yuan/ton, of which 500/Dushanzi Petrochemical was the lowest reported at 9000 yuan/ton (down 200), 666h/Dow was the lowest reported at 8800 yuan/ton (down 150), and mf-/Japanese electrochemistry was the lowest reported at 8800 yuan/ton (up 100)

v. future forecast

in the case of no improvement in the demand side of the market, businesses are mainly on the sidelines, and the market is difficult to get rid of the weak consolidation trend. Secondly, some petrochemicals have introduced the latest prices, which may continue to be bad for the market tomorrow. It is expected that the market will be weak tomorrow