ABS China Market Weekly Report

Jan 14, 2022

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The domestic ABS market is weak and volatile this week. Although the supply of some materials is tight, the merchants still keep up the price operation. However, the trend of styrene is not good, and some ABS manufacturers still adjust down, and around the Mid-Autumn Festival, under the influence of the “double control” policy, the power and production restrictions in some areas are strong, the level of start-up in the lower reaches drops, the purchasing enthusiasm is significantly reduced, and the merchants’ shipping resistance is increased. The pessimistic atmosphere in the venue is slightly thicker, and the focus of negotiation is mostly negative. East China: East China ABS market narrow market wait and see. Merchants ship goods in general, and most of them operate according to the market. Up to now, the market price of ABS is 17400-18600 yuan / ton, which is 50 yuan / ton lower than the low end and 450 yuan / ton higher than the high end. South China: South China ABS market is soft. Downstream demand weakens, business confidence is insufficient. Up to now, the ABS market excluding tax is 15850-16600 yuan / ton, down 150 yuan / ton from the low end, and 200 yuan / ton up at the high end. North China: North China ABS market narrow market volatility. The merchants wait and see carefully, and the trading atmosphere is light. Up to now, the market price of ABS is 17300-18600 yuan / ton, down 100 yuan / ton from the low end and 450 yuan / ton up from the high end.

This week, the average operating rate of domestic ABS devices was about 92%, an increase of 8.3% over the previous month. Zhangzhou Qimei second line production; Zhenjiang Qimei load reduction production; Tianjin Dagu load reduction production; Liaotong Chemical Co., Ltd., the other line restarted in the middle of the day, currently both lines are normal production; Gaoqiao Petrochemical production line restart in late September, currently the third line basically keeps normal production; LG Huizhou equipment maintenance in September, load reduction production; Zhangjiagang Shengxiao start 8-90%. LG Yongxing, Jilin Petrochemical, Shandong Haijiang, Daqing Petrochemical, Ningbo Taihua, Zhenjiang Qimei normal production. In addition, I heard that Zhangjiagang Shengxiao has a maintenance plan in October.