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Consolidation of styrene price and narrow adjustment of ABS price

wallpapers News 2020-12-06
1、 Market Review on Thursday, China's official PMI, European PMI, U.S. PMI initial jobless compensation data all showed better than expected, suggesting that the global economic recovery was good, crude oil dem was boosted, international oil prices rose sharply, Asian styrene prices fell slightly, domestic unemployment benefits data showed a good recovery The market price of ABS was basically stable. The ex factory price of some brs increased, while the ex factory price of CNPC in South China increased by 50 yuan / T. the market inquiry atmosphere was general, the merchants operated with them. The supply of goods was fair. Due to the low operating rate in the downstream, the dem did not change according to the bank, so the purchase was still on dem, the overall transaction was flat. 2、 Styrene price Asian styrene market quotation unit: USD / T regional price type July 31 August 01 up down remarks South Korea main port FOB 1796-1797 1787-1788-9 main port of China CFR 1825-1826 1816-1817-9 2. International crude oil price unit: USD / barrel regional price type July 31 August 01 up down remarks New York WTI Factory dynamics ABS domestic petrochemical factory price unit: yuan / ton manufacturer br up down LG Yongxing 121h 15100 15100 00 Ningbo Taihua ag15a1 14800 14800 0 Zhenjiang Qimei pa-707k 14700 14700 Zhenjiang Qimei pa-757k 14900 14900 CNPC South China 0215a 14100 14150 50 CNPC North China 0215a 14200 14200 0 CNPC Huadong 0215a 14100 14100 00 0 CNPC South China 750A 14500 14550 50 CNPC Huabei 750A 14350 143500 CNPC Huadong 750A 14600 14600 4. Market dynamics

ABS domestic market dynamics unit: yuan / ton market manufacturer br up down on August 1 August 2 Ningbo Jilin Petrochemical 0215a 14450 14400 - 50 LG Yongxing 121h 14750 147500 Zhenjiang Qimei The market price of 757K 14750 147500 is stable, the negotiation atmosphere is general, downstream purchase on dem, merchants operate cautiously. Yuyao Jilin Petrochemical 0215a 14500 14400-100 LG Yongxing 121h 14800 14800 0 Zhenjiang Qimei 757K 14750 147500 market price basically stabilized, the negotiation atmosphere was relatively weak, sporadic transactions were dominated, the supply of goods was normal. Dongguan Jilin Petrochemical 0215a 14220 14220 LG Yongxing 121h 14630 146300 Zhenjiang Qimei 757K 14700 14750 50 market was stable, individual offers rose slightly. Business mentality is more stable, the deal is still general. The supply is fair. Analysis prediction of influencing factors Facing the recent consolidation of upstream styrene price, the domestic ABS market price is mainly narrow range consolidation, most prices are stable. In order to make the price of goods available, the overall supply of goods in the market is fair. However, due to the low operating rate in the downstream, the procurement is not active the overall turnover is average. It is expected that the market will continue to stabilize in the future, the prices of individual brs will be adjusted in a narrow range. (personal opinion, for reference only)
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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
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