ABS: Beginning of summer has passed the chill

 In April, the production and sales of upstream household appliances remained high, and the demand drove the market to rise in stag.

Upstream monomer price trend:

In terms of upstream monomers: In early April, the styrene market was boosted by external factors and rebound.

Due to the tight supply of acrylonitrile, the trend is high and volati.

The stock of butadiene is relatively abundant, the downstream just needs to get the goods, and the purchase is cautious, and some transactions are block.

ABS price trend in China Plastics City :

Due to the lower-than-expected performance of downstream product companies, the general trading atmosphere in the ABS spot market was lig.

Factors affecting the market outlook:

Upstream: Although the international crude oil fluctuated higher, the upstream monomer market shipments were flat, and the market trend may still be passi.

Downstream: In the second quarter, white goods, especially air-conditioning refrigerators and other varieties, are expected to exceed last year's production schedule, so there is room for improvement in dema.

To sum up: It is expected that the ABS market will be intertwined with long and short positions in the second quarter, and the spot market trading performance is unlikely to have a bright performan.