SunSirs: Market Momentum is Weakened, China ABS Market Runs smoothly

　　According to SunSirs, the recent domestic ABS market is running smoothly, and the spot prices of various brands are stable and small. As of July 27, the average price of mainstream offer of general-purpose ABS was about 17,800 RMB/ ton, an increase of 0.56% over the average price at the beginning of the month and 36.92% over the same period last year.

　　Upstream, domestic styrene market price volatility operation in the near future, it is expected that the styrene will continue to fluctuate in the near future..

　　In the upstream butadiene aspect, the domestic butadiene market maintains a high price range in the early stage in the near future, and the market is stable. It is expected that butadiene will be slightly weak in the short term.

　　The recent ABS cost side market is acceptable, and the overall support for ABS cost side is relatively stable. In terms of enterprise load, the maintenance of Jihua in the early stage is gradually resumed. In addition, the overhaul plan of Tongliao chemical industry is launched, and the favorable supply side of some brands still exists. However, overall, the supply of goods is generally incremental. In addition, the current market momentum is not strong, the positive feedback on the supply side is limited, and the spot price changes little.

　　SunSirs analysts believe that the recent ABS spot market is running smoothly, the trend of raw materials is OK, and the cost support of ABS is relatively stable. At present, the resumption of work and maintenance coexist at the supply end of the industry, and the overall supply tends to increase. The downstream demand for goods is weaker than that in the early stage, and it is heard that the on-site inquiry and actual delivery are reduced. The market supply and demand are weak at the same time, and the atmosphere on the floor is cooling. It is expected that the recent ABS spot market may continue to operate smoothly in China.