SunSirs: Supply Reduced, Demand Rose, China ABS was Strong Shock

　　According to the data of SunSirs, in early July, the domestic ABS market fluctuated in a narrow range, and the spot prices of various brands fluctuated. As of July 12, the average price of general ABS mainstream offer was about 17,800 RMB/ ton, up 0.56% compared with the average price at the beginning of the month and 34.34% compared with the same period last year.

　　The recent ABS cost side market is fair, and the overall support for ABS cost side is relatively stable. In terms of enterprise load, the maintenance of Shandong Jianghai and Jihua has not been resumed; According to the news, Tongliao chemical overhaul plan is about to start, the loss of production capacity caused some brand prices to rise. The market supply has been tightened, and there is a partial shortage in East China. In addition, the terminal enterprises’ demand for goods has increased recently, and the trading volume has increased, so the spot price has gained some support.

　　SunSirs analysts believe that: in early July, the ABS spot market fluctuated, the trend of raw materials was acceptable, and the support for ABS cost was relatively stable. At present, the lower reaches of the industry show demand for goods, enterprises and businesses have strong willingness to support prices, and the on-site inquiry and actual trading have increased compared with the previous period. In addition, the supply of some brands is less, and the market is supported. It is expected that China ABS spot market will be strong in the near future.