1、 Price trend:

According to the data of the business club’s bulk list, the domestic ABS market fell in the first week of April, and the spot price in the market decreased significantly. As of Friday, April 3, the main offer price of general-purpose ABS was about 10850.00 yuan / ton, 19.63% lower than the average price on April 1.

2、 Analysis of influencing factors:

Industry chain: ABS upstream, styrene market continued to decline in the near future. Last month by crude oil chemical negative news negative, cost side weak drag on styrene prices. Earlier this week, panic in Europe and the United States intensified, and the market fell sharply. At present, it is reported that oil is expected to reduce production and end the price war, which will boost the rebound of styrene futures and stabilize the market mentality;

This week, the market trend of acrylonitrile is weak. Recently, new production capacity and high inventory have been added, resulting in obvious negative situation in the site. The downstream return to work rate is still lower than that before the festival. It is said that the load of manufacturers has been reduced. Rigid procurement is adopted for goods preparation, but the demand is not improved. At present, affected by the external market, the market is still lack of positive boost, and the mentality of the industry is low. It is expected that the market of acrylonitrile will not improve in the near future;

In early April, the domestic butadiene market continued a weak downward trend. The downstream inquiry is sluggish and dragging, and the butadiene merchants have great resistance to delivery, which pushes the price of suppliers down, and the overall market focus continues to fall. In terms of external market, European market supply is under pressure, the inventory of downstream rubber industry is high, and the low price offer news is increasing. At present, the domestic butadiene spot supply is abundant, and the supply and demand fundamentals of the internal and external market are hard to be supported by good news in the short term. At present, the domestic butadiene market is likely to continue a weak downward trend. It is suggested to pay attention to the internal and external trading news guidance;

3、 Future forecast:

Business analysts believe that: the ABS market in April began to slump, the spot decline of various brands expanded. Cost side of the upstream three materials are not good in the near future, the support for the cost side is weak. At present, the spot supply of ABS is relatively sufficient, but the downstream demand is weak and the contradiction between supply and demand is increasing. Business mentality is not strong and cut prices. Bearish dominated, domestic ABS prices are expected to continue to weaken in the near future.