Styrene skyrocketed, ABS market skyrocketed!

ABS price trend in China Plastics City :

The time has just entered the golden nine season, and the ABS market in the plastic city has rebounded, and the rally is gratifyi.

Upstream monomer price trend:

In terms of upstream monomers: styrene inventory fell to a low level, and the situation of tight supply of tradable goods in the spot market intensifi.

In terms of acrylonitrile, the spot market is running at a high pri.

In terms of butadiene, although the supply of butadiene in the East China market continues to be tight, the downstream just needs to follow up gradually, and the weak market trading drags the overall market do.

Factors affecting the market outlook:

Downstream: Entering September, the traditional production peak season is approachi.

In terms of petrochemicals: except for a few petrochemicals that have slightly reduced their operating rates, the operating rate of most petrochemical enterprises will still be at a high position, and the production loss will not be lar.

To sum up: In early September, due to the strengthening of cost support, especially boosted by the strong rise of styrene, the spot price of ABS in the plastic city generally rose sharp.