Brief introduction to spot ABS market of sinoplast

  • Detail

As of 10:00 a.m. on October 20, 2009, China's plastics price index was at 957.81 points, up 3.77 points. The China Plastics spot index rose 1.51 points to 1007.59

I. upstream express:

on Monday (October 19), the settlement price of West Texas light oil futures in November on the New York commodity futures exchange was $79.61 per barrel, up $1.08 from the previous trading day, with a trading range of 78 $69; The settlement price of December Brent crude oil futures on the London Intercontinental Exchange was $77.77 per barrel, up $0.78 from the previous trading day, with a trading range of 76 $87

Asia styrene FOB Korea closed 993 USD 25/ton, flat compared with the previous trading day; CFR China closing 1025 5 USD/ton, down 2.5 USD/ton compared with the previous trading day. The US styrene market closed 44 Cents/pound, up 0.3 cents/pound from the previous trading day. European styrene FOB RadM closed at USD/ton, down USD 9.65/ton compared with the previous trading day

II. Manufacturer dynamics:

Ning used a series of resources, from whisky production by-products to seaweed, as a replacement option. The public quotation of bolg Yongxing ABS was stable. 121h referred to the ex factory quotation of 12900 yuan/ton, and the actual transaction was preferential to a certain extent. The recent sales are normal, the inventory is small, and the unit is close to full production

the public quotation of Zhenjiang Guoheng ABS is stable. The reference ex factory price of D180 is 12900 yuan/ton, and the reference ex factory price of D190 is 12800 yuan/ton. The recent sales are normal, the inventory is OK, and the unit load is about 70%

the quotation of Changzhou Xinhu ABS is stable. Ac-800 refers to the ex factory quotation of 12700 yuan/ton, and the actual transaction has a certain discount. The overall sales is average, the inventory is normal, and the unit is nearly at full load

the listing price of CNPC South China ABS was raised by 200 yuan/ton. The listing price of 0215a is up to 12500 yuan/ton, and that of 750A is up to 12500 yuan/ton. Recent sales are OK, and the supply of goods is normal

III. local market conditions:

the quotation of China Plastics spot Mall () ABS. Some brands have been adjusted, mainly rising by yuan/ton, of which abs/h-08/Lanzhou Petrochemical reported 16900 yuan/ton, up 2150 yuan/ton; Abs/gp-22/South Korea BASF reported 12600 yuan/ton, up 200 yuan/ton; Abs/tr-557/lg chemical reported 19000 yuan/ton, up 200 yuan/ton; Abs/hi-121/lg chemical reported 12850 yuan/ton, down 550 yuan/ton; Abs/d-190/Zhenjiang Guoheng reported 12900 yuan/ton, up 500 yuan/ton. The protective cover was screwed close to the spectrum

some offers in Shunde ABS market rose by 100 yuan/ton. The recent transaction was average, and the buying was a little difficult. The overall supply of goods is normal, and the terminal demand is weak. 2) Input channel:

Dongguan ABS market offer rose by yuan/ton. The transaction is average, the hype atmosphere is intensified, and the mentality of the operators is acceptable. The overall inventory is sufficient, and the demand of downstream factories is weak

Yuyao ABS rose slightly with the development of science and technology, but the fluctuation was limited. There were a small number of market transactions. The merchants were mainly cautious in trading and had a bullish attitude towards the future market. 12500 yuan/ton for 0215a and 12700 yuan/ton for Ningbo 121h

note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

Copyright © 2011 JIN SHI