The cost side is bearish around ABS or in a narrow range

This week, except for CNPC East China and Sinopec East China, which made up for losses at the beginning of the week, CNPC South China raised 100 on Tuesday, and the other ABS manufacturers except Panjin, the public offer was basically stable
.
However, the circulation field is still difficult to say optimistic, dealers mainly digest the inventory in their hands, and the replenishment is relatively cautious
.

As of Friday, the mainstream offer of domestic materials was 15,000-16,000 yuan / ton
.
The East China market is weak and sorted, and there are mostly cautious wait-and-see; Some offers in the South China market tentatively reported high, waiting for buying to enter the market
.
The overall mentality of the market is not good, and there is no significant increase in transaction volume
.

At present
, the ABS cost side is still bearish.
In terms of styrene, the market is still weak this week, as of Friday, the price of styrene East China port reference 9700 yuan / ton; In terms of butadiene, the industry as a whole is oversupplied, and Sinopec's quotation plunged 1,500 yuan / ton on Thursday, a reduction of as much as 10%.

The external price will continue to decline in the short term, although the inventory pressure of domestic northeast manufacturers has eased, but the price may still be reduced, coupled with the arrival of more cargo this month, Shandong Witt device has a restart plan in the second half of the year, the oversupply pattern in the market continues, and the future market is difficult to be optimistic
.

Relatively speaking, the raw material acrylonitrile offer is stable at a high level, production and sales are balanced, and shipments are relatively smooth, and the mainstream offer of market traders is more than
12,500 yuan / ton.
In the current state of basic stability of supply and demand, the price of ABS is largely constrained by cost and difficult to rebound
.

Next week's ABS or narrow range volatility, it is difficult to rebound in the short term
.