Hottest May 30, 2016 ABS price line of plastic raw

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Analysis of ABS price of plastic raw materials on May 30, 2016

I. brief introduction of the market

abs market trend is generally stable. The mentality of the merchants is mediocre, and the downstream users are still mainly on demand. The market trading atmosphere is general, and the actual transaction is limited

the overall atmosphere of PS market is relatively dull, and the quotation in the city is not soft. Although the willingness of traders to ship goods is relatively strong, the change is still limited from the perspective of market transactions

II. Brief introduction to the upstream market

crude oil futures fell on Friday, and the settlement price of WTI crude oil futures for July delivery on the New York Mercantile Exchange (NYMEX) fell 15 cents to US $49.33/barrel, down 0.3%. London Intercontinental Exchange (ice) July global benchmark Brent crude oil futures settlement price fell 27 cents to 49.32 U.S. dollars/barrel, down 0.5%

on Friday (May 27), the market price of styrene in Asia fell, and the FOB South Korea price fell by US $11 to close at US $per ton; CFR China prices fell $11 to close at $per ton

III. local market prices

market quotations are stable and small, downstream demand is still flat, and the wait-and-see atmosphere is strong

the market price of ABS in Ningbo is stable and small, and the negotiation atmosphere is weak. Merchants are waiting for the new price announcement of the manufacturer, so they are not in a hurry to adjust the offer for the time being, and there are not many transactions. Most supplies are normal

most ABS markets in Dongguan are stable, and a few offer slightly weakened. There is a strong wait-and-see atmosphere in the market, middlemen follow the market, and small and medium-sized businesses have low inventories. The transaction is temporarily weak

Dongguan PS market fell steadily, and the range of weight is the weight of weight yuan/ton, and the market trading atmosphere is depressed. The periphery is weak, coupled with the shipping pressure of traders at the end of the month, some negotiations still show signs of weakening. The terminal just needs to purchase, mainly small orders

Shantou PS market was dominated by negative decline, with a range of yuan/ton, and the market trading atmosphere was quiet. Styrene monomer fell, and the market mentality is still pessimistic. Traders' shipments are not smooth, and they sell more goods at a profit

IV. in terms of the latest quotation

1. Petrochemical quotation

the fully automated qee-tech equipment of CNPC North China AB adopts a fixture s. The listing price of Tianjin warehouse has stabilized, with the price of 0215a 9650 yuan/ton, 0215h 9650 yuan/ton, 0215asq 9650 yuan/ton, GE150 9650 yuan/ton, 750A 9700 yuan/ton

CNPC South China ABS pricing stabilized, with 0215a price of 10100 yuan/ton, 750asq price of 10000 yuan/ton, ge-150 price of 10050 yuan/ton, 0215asq price of 10100 yuan/ton, and 0215h price of 10100 yuan/ton. The inventory is not high, and the recent shipment is average

the listing price of PetroChina North China branch for Dushanzi Petrochemical PS remains unchanged. Benzene penetration 500 is quoted at 8500 yuan/ton, and benzene HIE is quoted at 8500 yuan/ton, which is the price of Tianjin warehouse

PetroChina Southwest Company stabilized the pricing of Dushanzi Petrochemical PS, reporting 8550 yuan/ton for benzene penetration 500 and 8550 yuan/ton for benzene HIE. Inventory is low, and recent sales are average

2. Mall quotation

as of 15:00, the quotations of some brands of ABS in the spot of China Plastics Co., Ltd. were mixed, with a range of yuan/ton, of which 0215a/Jilin Petrochemical was the lowest reported at 9900 yuan/ton (down 100), 750a/Daqing Petrochemical was the lowest reported at 10800 yuan/ton (up 900), 750nsw/South Korea Jinhu was the lowest reported at 10200 yuan/ton (down 300), 920/Malaysia was the lowest reported at 14000 yuan/ton (up 100)

as of 15:00, the quotation of some brands of GPPS in China Plastics' spot fell by 50 yuan/ton, of which 525/Jiangsu Leiden was the lowest at 8600 yuan/ton (down 50), and pg-33/Zhenjiang Qimei was the lowest at 9100 yuan/ton (down 50)

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v. the aftermarket forecast

the overall transaction situation is not good, the downstream demand has not improved, most factories are still wait-and-see, and the actual receipt of goods is not much. Market prices are expected to continue to narrow

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