Brief introduction to the spot ABS market of China

As of 10 a.m. on November 17, 2009, the China Plastics price index was at 1004.68, unchanged from the previous trading day. The China Plastics spot index was reported at 1042.93 points, and it was checked whether there were scratches. 1 the rubber and Plastic Machinery Research Institute of Beijing University of chemical technology conducted in-depth research on the 1-type gear pump extruder 94 o'clock

I. upstream express:

on Monday (November 16), the settlement price of West Texas light oil futures in December on the New York Mercantile Exchange was $78.9 a barrel, up $2.55 from the previous trading day, with a trading range of 76 US $52; The settlement price of January Brent crude oil on the London Intercontinental Exchange was $78.76 a barrel, up $2.45 from the previous trading day, with a trading range of 76 27 dollars

Asia styrene FOB Korea closed 1047 5 dollars/ton, up 8 dollars/ton from the previous trading day; CFR China close 1063 5 dollars/ton, up 6 dollars/ton from the previous trading day. The US styrene market closed at 45 3 cents/pound, up 0.45 cents/pound from the previous trading day. European styrene FOB RadM closed at USD/ton, up 3 USD/ton from the previous trading day

II. Inventory dynamics:

in the first half of November 2009, the total inventory of major domestic PP and PE markets increased slightly, an increase of 2.93% over October 30, 2009. Among them, PP inventory decreased slightly, with a decrease of 1.61% compared with the end of last month, and PE inventory increased moderately, with an increase of 4.19% compared with the end of last month. Regionally, the inventory in the South increased slightly, with an increase of 3.24% compared with the end of last month, and the inventory in the north also increased slightly, with an increase of 2.22% compared with the end of last month

III. manufacturer dynamics:

the public quotation of Zhenjiang Qimei ABS is stable. 12900 yuan/ton for 707k and 13100 yuan/ton for 757K. Recent sales are OK, and there is not much inventory. ABS unit load%

however, the public quotation of Zhenjiang Guoheng ABS is stable. The reference ex factory price of D180 is 13100 yuan/ton, and the reference ex factory price of D190 is 13000 yuan/ton. The recent sales are normal, the inventory is OK, and the device load is about 80%

Jilin Petrochemical ABS pricing increased by 200 yuan/ton, and 0215a pricing to 12700 yuan/ton. Recent sales are average, and there is not much inventory. Most of the goods are shipped to PetroChina

the ABS price of CNPC Northeast Branch was increased by 200 yuan/ton, and the prices of 0215a and 750A were both increased to 12500 yuan/ton. The recent sales are normal and the inventory is not much

ABS of Sinopec Sales South China branch continued to be listed for sale, with the listing price of 275/275a being 11400 yuan/ton, and the listing price of 3513, 3504 and Rockwell hardness tester revision results of 8434, 3513a, 3504a, 8391, 3604 and 3613 being 12200 yuan/ton. Recent sales are average and inventory is normal

IV. local market conditions:

the quotation of China Plastics spot Mall () ABS, some brands have been adjusted, mainly rising, of which abs/750a/Daqing Petrochemical reported 12850 yuan/ton, up 100 yuan/ton; Abs/8391/Shanghai Gaoqiao reported 12700 yuan/ton, up 400 yuan/ton; Abs/pa-757/Taiwan Qimei reported 13000 yuan/ton, up 10 yuan/ton; Abs/pa-777e/Taiwan Qimei reported 22800 yuan/ton, up 200 yuan/ton; Abs/hi-140/lg Yongxing reported 14000 yuan/ton, up 200 yuan/ton

Dongguan ABS market quotation continued to rise by yuan/ton. Recently, there have been many inquiries, most of the transactions between traders, and the mentality of merchants is acceptable. The overall inventory is normal, and the demand of downstream factories is weak

the ABS offer in Shunde market continued to rise by yuan/ton. The on-site transaction is acceptable, and the downstream purchase volume has increased. The terminal demand is sluggish, and the overall supply is sufficient

the market offer of ABS in Ningbo rose slightly, the atmosphere in the venue improved, and some materials were expected to have a little room for negotiation. There are not many factory purchases, so purchase on demand. The supply of goods in the market is sufficient, and the mentality of merchants is acceptable

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