A brief comment on the ABS market of China Plastic

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On November 9, China Plastics warehouse receipt ABS market brief comment

I. brief comment on the market:

on November 8, the FOB South Korean price of styrene in Asia rose by $15/ton, the CFR China price rose by $14/ton, and WTI crude oil rose by $0.90/barrel

ABS warehouse receipts rose sharply today. At 11:00, the ABS warehouse receipts index closed at 1199.76 points, up 11.51 points from the previous trading day. The total daily turnover was 30 tons, and the order volume was reduced by 15 tons to 275 tons. The details of each warehouse receipt are as follows:

ab0612 warehouse receipt opened higher, and the transaction was general. The opening price was 15152 yuan/ton, up 159 yuan. It rose to 15193 yuan/ton of the daily limit, and fell back to 15102 yuan/ton at the close. The settlement price was 15130 yuan/ton. Ingeo's new formula can bring better impact resistance and toughness, up 137 yuan from the previous trading day

ab0701 warehouse receipt transaction is general, and the settlement price is 14880 yuan/ton, up 200 yuan from the previous trading day

II. Fundamental analysis:

today, the ABS market is still dominated by stability, and the market price in East China is stable, 1 Measure the resistance of the shoelaces when they are pulled apart( μ Ω) the data required for the 395.6 stretching experiment include: the maximum force of laces breaking or stretching, the time required for breaking, the maximum yield force, the number of times of breaking, etc. the market price in South China fluctuated, and some brands rose by yuan. It is expected that the ABS market will rise slightly in the near future

(personal view, for reference only; enter the market on this basis, at your own risk)

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and the energy required for renewable aluminum production is only about 5% of the energy required to extract primary aluminum from ore, which does not mean that you agree with its view or confirm the authenticity of its content

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