The hottest November 11 China Plastics spot ABS ma

2022-10-20
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On November 11, the China Plastics price index rose 2.18 points to 713.55 points, and the China Plastics spot index fell 0.07 points to 903.37 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $1.37/barrel to $62.41/barrel today, and Brent crude oil rose $1.73/barrel to $59.08/barrel

II. Manufacturer dynamics:

on Monday, styrene in the United States closed steady at 42 Cents/pound, about US dollars/ton. Some sellers said that at present, there is little market search, and there is no sign of rebound for the time being. Most people are waiting

styrene FOB Korea closed in US dollars and CFR China closed in US dollars/ton, both closing flat on the same day. During the trading day, the market trading was light, and market participants still need time to wait for the impact of the Chinese government's 4trillion investment plan on the SM market. No specific counter-offer was heard that day. In the domestic market, the negotiation range in Jiangsu is yuan sol-gel method/ton, and the mainstream negotiation in South China is still stable at yuan/ton. With the unplanned shutdown of some devices and the reduction of operating rate, the domestic market is in tight spot supply

Asian pure benzene was stable on Monday, and FOB Korea closed at 399 50 dollars/ton, Southeast Asia closed at 385 US $50/ton. With the volatility of the energy market, the atmosphere of weak downstream demand and oversupply is still pervading between Asian buyers and sellers. On Friday, the pure benzene Market in Europe and the United States both fell, and the weak demand for automobiles in the United States continued to curb the demand for pure benzene. The United States is still an important Asian pure benzene gb1499.1 ~ gb1499.3 (reinforcement for concrete); Especially when the styrene monomer Market in Asia is relatively weak. Asian pure benzene will be shipped after January. The bid price of pure benzene is $390/ton FOB, and the benchmark price of FOB South Korea is $400/ton. Buyers and sellers in the market are mostly out of the market to wait and see. At the same time, the weak economic profits have pushed the materials selected by Rayong olefis in Thailand not only to meet the mechanical performance requirements of mobile phone structural parts. Co. the aromatics unit remained shut down throughout December, with a pure benzene capacity of 180000 tons/year and acetone capacity of 85000 tons/year. At present, the operating rate remains at 80%. The official decision of the Thai company is to close down in mid November. Rayong usually sells a shipment of spot goods every month, and the price of its goods sold to Asian buyers in November is lower than the FOB benchmark price. South Korea DC chemical has joined the Asian pure benzene production company in either reducing production or stopping production. On November 7, it shut down the aromatics unit in Lishui for a one month maintenance and expansion plan. The pure benzene capacity of this unit is 150000 tons/year, and the capacity will be increased to 180000 tons/year after the expansion

III. local market conditions:

the reference quotation of Changzhou Xinhu ABS stabilized, with the reference price of ac800 of 11400 yuan/ton, and the actual transaction price was slightly lower. Recent poor sales and normal inventory. East China offers about 11800 yuan/ton for ac-800. The operating rate of the device is basically normal

after the public quotation of Ningbo Taihua ABS was lowered yesterday, the price is stable today. 15a1 refers to the ex factory price of 13300 yuan/ton, 12a1 refers to the ex factory price of 13300 yuan/ton, and 15e1 refers to the ex factory price of 13100 yuan/ton. There is a small discount for the actual transaction. The recent sales are general, the inventory is normal, and the operating rate of the device is 50%

this morning, the weakness of ps/abs market in Yuyao plastic city remained unchanged, and the quotation continued to decline. Due to the decline of international oil prices and the decline of monomer prices, traders' confidence is obviously insufficient, and the overall atmosphere of the market average is weakening. Traders ship goods according to the market, and downstream factories have been purchasing on demand, and the actual trading volume is still small. 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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