echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > China Chemical > ABS market peaked and fell deeply

    ABS market peaked and fell deeply

    • Last Update: 2021-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The ABS price reached 18,000 yuan (ton price, the same below) in mid-October and then peaked and fell.


    Market sentiment is pessimistic, prices still have room for downward adjustment

     The market sentiment is pessimistic, and the price still has room for downward adjustment.


    According to industry insiders, an important factor in the unsatisfactory ABS market is the release of new production capacity


    At present, the overall operating rate of ABS is around 82%


    Wang Chunming, general manager of Shandong Ruiyang Chemical Trading Co.


    Looking at the market outlook, although manufacturers have a strong willingness to uphold prices and some brands show signs of a slight rebound due to tight goods, the market is adequately supplied, and business confidence is still insufficient.


    Upstream is overwhelmed and the market is in a downward phase

    Upstream desperate markets are all in a decline stageUpstream desperate markets are all in a decline stage

    As the upstream raw material of ABS, both the butadiene and styrene markets are in a decline stage.


      According to Li Min, an analyst at Jinlianchuang, the pressure on the butadiene market has increased because three butadiene plants were put into operation in the second half of the year, that is, the second phase of Zhejiang Petrochemical’s 200,000 tons/year butadiene plant was put into operation in August.


      In the early stage, the butadiene market continued to decline, which led to the downstream delisting and wait-and-see.


      The styrene market, another raw material, also fell broadly


      Looking at the market outlook, some short-term overhaul devices quickly recovered, and there were no new overhauls in the later period, and there are new devices about to be put into production in December


      Looking at the raw material acrylonitrile again, the market is dominated by stalemate and shock


      Downstream support is unable to supply more and less demand, the trend is difficult to change

    Downstream lifting is unable to supply more and less demand is difficult to change the trend is difficult to change

      Market participants such as Li Min said that previously ABS downstream companies were affected by factors such as insufficient domestic demand and limited export orders, and finished product inventories were high.


      In addition, starting from mid-to-late September, under the influence of restricted electricity, "dual control" and environmental supervision, downstream operations were once again restricted, while most ABS petrochemical manufacturers maintained normal production.


      Judging from the published data on the home appliance industry, downstream demand is not optimistic


      At present, with the continuous increase in the national power supply guarantee, the coal stock has broken through and increased, and the power shortage has also been effectively alleviated


    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.