Brief introduction to the spot ABS market of China

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As of 10 a.m. on November 9, 2009, China's plastic price index rose 2.10 points to 968.3 points. The China Plastics spot index rose 1.20 points to 1022.71

I. upstream express:

on Friday (November 6), the settlement price of West Texas light oil futures in December on the New York Mercantile Exchange was $77.43 a barrel, down $2.19 from the previous trading day, with a trading range of 76 34 dollars; The settlement price of December Brent crude oil futures on the London Intercontinental Exchange was $75.87 a barrel, down $2.12 from the previous trading day, with a trading range of 75 81 dollars

Asia styrene FOB Korea closed 1039 5 dollars/ton, up 12 dollars/ton from the previous trading day; CFR China close 1059 5 dollars/ton, up 19 dollars/ton from the previous trading day. Us styrene market closed 44 7 cents/pound, down 0.15 cents/pound from the previous trading day. European styrene FOB RadM closed at USD/ton, down 10.5 USD/ton from the previous trading day

II. Manufacturer dynamics:

the demand range of China's cable industry is expected to exceed 1.7 trillion yuan in 2022.

Jilin Petrochemical ABS continues to be priced and sold. 0215 with the continuous improvement of power battery requirements for energy density and performance, a pricing 1. For example, it is 2500 yuan/ton used in some disposable tableware. Recent sales are average, and there is not much inventory. Most of the goods are shipped to PetroChina

ABS pricing sales of CNPC Northeast Branch, 0215a and 750A are priced at 12500 yuan/ton. The recent sales are normal and the inventory is not much

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

the ex warehouse price of CNPC East China ABS is reduced by 100 yuan/ton, 0215a is priced to 12400 yuan/ton, 750A is priced to 12350 yuan/ton, and 301 is priced to 12500 yuan/ton. Recent sales are average, and there is not much inventory

PetroChina South China ABS continued to carry out listing sales. The listing price of 0215a is 12600 yuan/ton, and the listing price of 750A is 12600 yuan/ton. Recent sales are OK, and the supply of goods is normal

III. 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 12600 yuan/ton, up 100 yuan/ton; Abs/301/Lanzhou Petrochemical reported 13000 yuan/ton, up 200 yuan/ton; Abs/pa-747s benbai/Taiwan Qimei news 13800 yuan/ton, up 100 yuan/ton; Abs/pa-777d/Taiwan Qimei reported 21200 yuan/ton, down 10000 yuan/ton; Abs/hi-130/lg Yongxing reported 13500 yuan/ton, down 500 yuan/ton

Dongguan ABS market quotation stabilized. There are not many transactions at the weekend, and the merchants are reluctant to sell at a low price. The overall inventory is normal, and the demand of downstream factories is weak

most of the ABS offers in Shunde market were stable, and some were slightly weaker. The mentality of the operators is poor, the terminal demand is low, there are not many transactions, and the on-site supply is sufficient

most of the ABS market offers in Ningbo are stable, and some are expected to have little room for negotiation. The on-site trading is deadlocked, there are not many transactions, and end users purchase on demand. The supply of goods in the market is sufficient, and the mentality of merchants is poor

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