The ABS market continues to show a downward trend and on-market grades are generally declining

U.
S.
crude inventories rose for seven consecutive weeks, production increased to an all-time high, and WTI fell
for eight straight days.
On Wednesday (November 7), the December 2018 futures settlement price of West Texas Light Oil on the New York Mercantile Exchange was $61.
67 per barrel, down $0.
54, or 0.
9%, from the previous session, trading in a range of $61.
2-63.
18; the January 2019 futures of Brent crude oil on the Intercontinental Exchange in London settled at $72.
07 per barrel, down $0.
06, or 0.
1%, from the previous session, trading in a range of $71.
36-$73.
55
。

The ABS market continued to show a downward trend, and the grades in the market generally
declined.
The merchant mentality is not good, and the follow-up of the operation is mainly reduced
.
At the same time, the downstream demand has not changed much, and the overall trading atmosphere is general
.
Costs face the negative impact of market trends, while downstream market demand is general, spot market transactions are deadlocked, traders are more cautious, wait-and-see.

Zhejiang Plastic Market expects that the ABS market is still partially weakened
.

PS market conditions continue to be weak, and some brands are falling
.
In terms of merchants, the operation is mainly lowered, coupled with the low enthusiasm of downstream factories to enter the market for procurement, the market transaction is limited, and the wait-and-see atmosphere is heavier
.
The transaction surface of the PS market has not changed much, traders mainly operate with the market, and downstream factories receive flat goods, and continue to buy on demand
.
Zhejiang Plastic market expects that the PS market will continue to have downward expectations
.