First, the market briefly described the high oil prices and macro news to pick up failed to boost the rapid recovery of downstream demand. Due to lack of buying and lack of confidence, the ABS market has a strong wait-and-see atmosphere and the market is trading within a narrow range. The raw material market is still open, and the PS market offers a stable offer. Most businesses turn to the wait-and-see period, pulling up a few emotions.
II. Upstream Market Overview On Monday, China, the world’s second-largest economy, gave an unexpected large-scale trade deficit result. Almost 12 years ago, the highest level of trade deficit triggered the market’s prospects for global economic growth and crude oil and other energy products. Concerns about demand, crude oil prices fell, New York crude oil fell 1%, the main crude oil contract closed at 106.34 US dollars a barrel.
On Monday, Asian styrene FOB Korea closed 1493-1494 US dollars / ton, fell 2 US dollars; CFR China closed 1497-1498 US dollars / ton, closing the day. Downstream demand is weak and the overall deal is difficult to increase.
Third, the local market quotes today ABS / PS market price held steady, trading atmosphere is normal, turnover is flat.
The ABS market in Ningbo was slightly overcast and the atmosphere was a stalemate. Trading volume on the venue was light. There are not many middleman suppliers, and the terminal is mainly wait and see.
The ABS market in Dongguan was slightly lower, and there was a poor discussion atmosphere in the venue. The middlemen followed the market. Local supply was sufficient, and downstream demand performed poorly.
Dongguan PS market offer basically stabilized, individual materials slightly higher. The buyers are cautious about the current high prices, and the actual turnover is flat.
Shantou PS market offer stabilized, some players in the market continue to pay attention to the trend of oil prices, traders follow the market, the main transaction is limited.
Fourth, the latest quotes 1, petrochemical quotes Changzhou New Lake ABS open factory prices continue to stabilize, the recent sales of manufacturers in general. AC-800 reference factory price 16,500 yuan / ton, the actual turnover is slightly lower. Insufficient inventory, the device is near full production.
Jilin Petrochemical ABS prices stabilized, 0215A province pricing 16,200 yuan / ton. With normal sales in the near future, its ABS units are near full capacity. Most of the sources were sent to the CNPC for sale and the inventory was not high.
PetroChina North China Branch raised Dushanzi Petrochemical PS price by 100 yuan/ton, through-benzene 500 by 11,700 yuan/ton, and benzene HIE by 13,100 yuan/ton, which is Shandong warehouse price.
Guangzhou Petrochemical PS listing price increased by 100 yuan / ton, 525 listing price at 11,900 yuan / ton, 660 listing price at 13,100 yuan / ton. The device is capable of normal operation of the double-line, low inventory, and sales are acceptable.
2. As of the end of the 15th of the quotation of the mall, some of ABS's spot ABS brands were mixed, ranging from RMB 20-200/ton. Among them, 0215A/Jilin Petrochemical reported the lowest at 16,300 yuan/ton (up 50), 275/Huajin Chemical reported the lowest at 13,850 yuan/ton (down to 50), and 750NSW/Kumho, South Korea reported the lowest at 16,150 yuan/ton (down by 50), DG- 417/Tianjin Daxie reported a minimum of 15,900 yuan/ton (down 200), PA-707K/Zhenjiang Chimei reached a minimum of 16,800 yuan/ton (down 100), and PA-757/Taiwan Chi Mei reported a minimum of 17,100 yuan/ton (up 20).
By 15 o'clock, the individual HIPS spot in China Plastics Co., Ltd. rose 150 yuan/ton, and that of 825/panjin ethylene was 13,600 yuan/ton. In the plastic spot GPPS part of the brand mixed, ranging from 40-80 yuan / ton, of which 525 / Jiangsu Leiden lowest reported 11,440 yuan / ton (up 40), PG-33 / Zhenjiang Chi Mei lowest report 12,100 yuan / Ton (down 80).
Fifth, the market outlook forecasted that the recent weak demand dragged down some of the business players' inclinations, and petrochemical price increase resistance. Short-term market or maintain a narrow range of shocks, the status of the deal may continue or dead. Message surface: Internationally, European finance ministers discuss the resolution of the Greek issue. On the domestic front, the Governor of the Central Bank stated that the formulation of monetary policy will still focus on the international situation; the market is rumors that the QFII is expected to expand after the “**â€.
II. Upstream Market Overview On Monday, China, the world’s second-largest economy, gave an unexpected large-scale trade deficit result. Almost 12 years ago, the highest level of trade deficit triggered the market’s prospects for global economic growth and crude oil and other energy products. Concerns about demand, crude oil prices fell, New York crude oil fell 1%, the main crude oil contract closed at 106.34 US dollars a barrel.
On Monday, Asian styrene FOB Korea closed 1493-1494 US dollars / ton, fell 2 US dollars; CFR China closed 1497-1498 US dollars / ton, closing the day. Downstream demand is weak and the overall deal is difficult to increase.
Third, the local market quotes today ABS / PS market price held steady, trading atmosphere is normal, turnover is flat.
The ABS market in Ningbo was slightly overcast and the atmosphere was a stalemate. Trading volume on the venue was light. There are not many middleman suppliers, and the terminal is mainly wait and see.
The ABS market in Dongguan was slightly lower, and there was a poor discussion atmosphere in the venue. The middlemen followed the market. Local supply was sufficient, and downstream demand performed poorly.
Dongguan PS market offer basically stabilized, individual materials slightly higher. The buyers are cautious about the current high prices, and the actual turnover is flat.
Shantou PS market offer stabilized, some players in the market continue to pay attention to the trend of oil prices, traders follow the market, the main transaction is limited.
Fourth, the latest quotes 1, petrochemical quotes Changzhou New Lake ABS open factory prices continue to stabilize, the recent sales of manufacturers in general. AC-800 reference factory price 16,500 yuan / ton, the actual turnover is slightly lower. Insufficient inventory, the device is near full production.
Jilin Petrochemical ABS prices stabilized, 0215A province pricing 16,200 yuan / ton. With normal sales in the near future, its ABS units are near full capacity. Most of the sources were sent to the CNPC for sale and the inventory was not high.
PetroChina North China Branch raised Dushanzi Petrochemical PS price by 100 yuan/ton, through-benzene 500 by 11,700 yuan/ton, and benzene HIE by 13,100 yuan/ton, which is Shandong warehouse price.
Guangzhou Petrochemical PS listing price increased by 100 yuan / ton, 525 listing price at 11,900 yuan / ton, 660 listing price at 13,100 yuan / ton. The device is capable of normal operation of the double-line, low inventory, and sales are acceptable.
2. As of the end of the 15th of the quotation of the mall, some of ABS's spot ABS brands were mixed, ranging from RMB 20-200/ton. Among them, 0215A/Jilin Petrochemical reported the lowest at 16,300 yuan/ton (up 50), 275/Huajin Chemical reported the lowest at 13,850 yuan/ton (down to 50), and 750NSW/Kumho, South Korea reported the lowest at 16,150 yuan/ton (down by 50), DG- 417/Tianjin Daxie reported a minimum of 15,900 yuan/ton (down 200), PA-707K/Zhenjiang Chimei reached a minimum of 16,800 yuan/ton (down 100), and PA-757/Taiwan Chi Mei reported a minimum of 17,100 yuan/ton (up 20).
By 15 o'clock, the individual HIPS spot in China Plastics Co., Ltd. rose 150 yuan/ton, and that of 825/panjin ethylene was 13,600 yuan/ton. In the plastic spot GPPS part of the brand mixed, ranging from 40-80 yuan / ton, of which 525 / Jiangsu Leiden lowest reported 11,440 yuan / ton (up 40), PG-33 / Zhenjiang Chi Mei lowest report 12,100 yuan / Ton (down 80).
Fifth, the market outlook forecasted that the recent weak demand dragged down some of the business players' inclinations, and petrochemical price increase resistance. Short-term market or maintain a narrow range of shocks, the status of the deal may continue or dead. Message surface: Internationally, European finance ministers discuss the resolution of the Greek issue. On the domestic front, the Governor of the Central Bank stated that the formulation of monetary policy will still focus on the international situation; the market is rumors that the QFII is expected to expand after the “**â€.
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