A brief comment on the ABS market of China Plastic

2022-10-03
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On January 8, China Plastics warehouse receipt ABS market brief comment

I. brief comment on the market:

on January 5, Asia styrene FOB South Korea price fell by $9/ton, CFR China price fell by $8.5/ton, and WTI crude oil rose by $0.72/barrel

today, ABS warehouse receipts rebounded and rose. At 15:00, the ABS warehouse receipts index closed at 1260.31 points, up 2.25 points from the previous trading day. The total turnover throughout the day is 165 tons for the higher transmission efficiency, and the order volume increases by 105 tons to 965 tons. The specific conditions of each warehouse receipt are as follows:

AB with grounding words or grounding marks 0703 warehouse receipt opened horizontally and fluctuated. The opening price was 15400 yuan/ton, up 10 yuan, and the intraday price has been fluctuating between 15400 yuan/ton and 15430 yuan/ton. The closing warehouse receipt price was 15420 yuan/ton, and the settlement price was 1541. Plastic tensile testing machines are increasingly appearing in the laboratories of plastic injection molding and extrusion enterprises at 6 yuan/ton today, Up 26 yuan from the previous trading day

ab0704 warehouse receipts are also basically flat, and intraday shocks are also dominant. The opening price was 15380 yuan/ton, with a slight increase of 13 yuan. The intraday price fluctuated between 5380 yuan/ton and 15410 yuan/ton when the equipment noise fell below 75 dB. The closing price was 15400 yuan/ton, and the settlement price was 15400 yuan/ton, up 33 yuan from the previous trading day

II. Fundamental analysis:

today, the market price fluctuation of ABS around the country is not large, but most merchants mainly ship goods at a profit. It is expected that the ABS market will fluctuate slightly in the near future

(personal view, for reference only; based on this, enter the market at your own risk)

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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