ABS "double high" era or end

Since March of this year, the acrylonitrile-butadiene-styrene copolymer (ABS) market has been dominated by high-level fluctuations, and the price has remained between 17,000 and 18,000 (ton price, the same below).

Huge new capacity

At present, China's ABS production capacity is 4.

However, this high-profit situation may end with the launch of new ABS production capacity

"The release of so much capacity will inevitably intensify competition among ABS companies, and high prices and super high profit levels will be difficult to continue

Weak operation of raw materials

Another factor contributing to the surge in ABS prices this year is the jump in the raw material styrene market

Affected by the concentrated reduction and shutdown of many major major installations in Europe, the United States and some parts of the Middle East, the price of external styrene has soared.

However, with the rapid growth of styrene production capacity, more supply and less demand will make the price of styrene go down, and the raw material support for ABS will also weaken

　　It is foreseeable that when the downstream growth rate is not as fast as that of styrene, the styrene market may operate weakly

　　Demand is difficult to strengthen

　　In the first half of this year, the cumulative apparent consumption of domestic ABS was 2.

　　Affected by public health incidents, in the first quarter of this year, some companies were in a state of long-term parking or substantial production cuts.

　　According to statistics, in June this year, the output of air conditioners was 12.

　　From the perspective of macroeconomic operation, in July, the national industrial added value above designated size increased by 6.

　　He Junsong, sales director of Jilin Petrochemical, said that the high-load operation of the downstream home appliance industry in the second half of last year has overdrawn part of domestic and foreign demand.