The monthly increase of 3300 yuan / ton, the shortage of goods, the surge in exports, the dare not to accept orders, ABS once again came out of the C position

I originally thought that the ABS market would "rehabilitate" after experiencing such a big increase last time, but what I never expected was that the plastic city ABS market ushered in a wave of general boom at the end of October, and the tidal force was too stro.

Trend of ABS related grades in China Plastics City:

grade	Origin/Manufacturer	October 9	November 2	ups and downs
0215A	Jilin Petrochemical 0215A	13800	16500	2700
HI-121H	LG Yongxing HI-121H	14600	16700	2100
AG15A1	Ningbo Taihua AG15A1	14400	16800	2400
PA-757K	Zhenjiang Chimei PA-757K	14500	17800	3300
PA-757	Taiwan Chi Mei PA-757	15900	18300	2400
GP-22	INEOS Styrolution GP-22	14300	17200	2900
DG-417	Tianjin Dagu DG-417	13600	16400	2800
HJ15A	Shandong Haijiang HJ15A	12900	15800	2900
SD-0150W	Lotte Chemical SD-0150W	14200	17300	3100
920	Toray 920	21000	23500	2500
TR-557	LG Chem TR-557	24200	26700	2500
PA-758	Taiwan Chi Mei PA-758	23500	26500	3000

/1091120215A0215A13800165002700HI-121HLGHI-121H14600167002100AG15A1AG15A114400168002400PA-757KPA-757K14500178003300PA-757PA-75715900183002400GP-22GP -2214300172002900DG-417DG-41713600164002800HJ15AHJ15A12900158002900SD-0150WSD-0150W1420017300310092092021000235002500TR-557LGTR-55724200267002500PA-758PA-75823500265003000/109112down/1091120215A0215A138001650027000215A0215A13800165002700HI-121HLGHI-121H14600167002100HI-121HLGHI-121H14600167002100AG15A1AG15A114400168002400AG15A1AG15A114400168002400PA-757KPA-757K14500178003300PA -757KPA-757K14500178003300PA-757PA-75715900183002400PA-757PA-75715900183002400GP-22GP-2214300172002900GP-22GP-2214300172002900DG-417DG-41713600164002800DG-417DG-41713600164002800HJ15AHJ15A12900158002900HJ15AHJ15A12900158002900SD-0150WSD-0150W14200173003100SD-0150WSD-0150W142001730031009209202100023500250092092021000235002500TR-557LGTR-55724200267002500TR-557LGTR-55724200267002500PA-758PA -75823500265003000PA-758 Taiwan Chi Mei PA-7582350026500300000920 Japan Toray 92021000235002500TR-557LG Chemical TR-55724200267002500TR-557LG Chemical TR-55724200267002500PA-758 Taiwan Chi Mei PA-75823500265003000PA-758 Taiwan Chi Mei PA-75823500026500920 Japan Toray 92021000235002500TR-557LG Chemical TR-55724200267002500TR-557LG Chemical TR-55724200267002500PA-758 Taiwan Chi Mei PA-75823500265003000PA-758 Taiwan Chi Mei PA-758235000265

(The above prices are as of the morning of November 2nd)

Cost side

Styrene port inventories have reached a new low since the Spring Festival, and are expected to continue to decli.

Supply side

From the perspective of supply, due to the active pre-sale of many ABS petrochemical manufacturers, the spot inventory continues to be tight, the futures surplus is insufficient, and the factory's available resources are limit.

Export of small household appliances ushered in "explosive orders"

According to public statistics, home life during the epidemic has significantly increased the frequency of use of home appliances, and overseas demand for small home appliances has grown significant.

After China resumed the utilization rate of production capacity, the export side climbed very obviously, including cross-border e-commerce, many manufacturing industries, and the export side has clearly increas.

There is a big gap in the employment of enterprises, and new orders are not dared to be accept.

Due to the impact of the new crown pneumonia epidemic, the outbreak of the "home economy" has become the main reason for stimulating the growth of the small household appliance mark.

To sum up, due to the repeated epidemics abroad, China took advantage of the complete industrial chain and economic environment to return orders for some products such as downstream household applianc.