Analysis of ABS market prices this week (3.21-3.25)

In the upstream market this week, styrene stocks in East China Main Port are still increasing, coupled with high correction expectations, negotiated prices continue to decline
.
ABS manufacturers pulled up weakly
.
Manufacturers of downstream home appliances are resistant to high-priced supplies, generally wait and see procurement, and the market transaction is not good
.

East China: Due to the difficulty of following up with the high level of the mainstream market, as the raw material styrene fell, traders' quotations began to loosen, and the negotiated price fell slightly
.
Up to now, the mainstream offer of domestic materials is around 10500-11300 yuan / ton; South China: The speculation market is still continuing, the supply of some grades is tight, the market price is seriously inverted, the low-price source is gradually decreasing, the market continues to ferment, and the mainstream offer of domestic materials is 10400-12100 yuan / ton (excluding tax).

The operating rate of Tianjin Dagu ABS plant increased slightly this week, but it mainly digested early orders, and traders said that the market supply remained tight
.
The rest of the large factories are well
stocked.

It is expected that the ABS market will be passively pulled up by cost pressure this week, but there is still room for growth from the high of 13,000 in the same period last year
.
Next week's ABS market may be in a narrow range
.