The hottest October 30 China Plastics spot ABS mar

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On October 30, China Plastics spot ABS market brief

China Plastics price index fell 16.71 points to 824.97 points, and China Plastics spot index fell 2.80 points to 1010.15 points

I. upstream express:

WTI crude oil on the New York Mercantile Exchange rose $4.77/barrel to $67.5/barrel today, and Brent crude oil rose $5.18/barrel to $65.47/barrel

II. Manufacturer dynamics:

styrene FOB South Korea closed at 499.50 - after the introduction, it could not digest and absorb $500.50 well, CFR China closed at 539 US $50, another sharp drop of US $80/ton. During the trading day, despite the strong rebound in crude oil, the downturn in buyers' intentions led to the gradual retreat of the offer. CFR China, a Japanese merchant's shipment intention is 550 US dollars/ton, l/c90 days, and the corresponding inquiry intention is US dollars/ton. A domestic merchant said that buyers of goods from South Korea were interested in CFR China at $550/ton in November, but there was no firm offer during the trading day. The sharp decline in the market has led to a crisis in the credit market, and some businesses are facing the situation of customers' repudiation. FOB Korea is quiet. Upstream, naphtha prices fell another $24/ton to close at $330/ton CFR Japan, ethylene closed at $455, and FOB South Korea closed flat. Panic selling reappeared in the domestic market. As of yesterday's close, Jiangsu region closed at 4500 yuan/ton, and South China negotiated a range of yuan/ton, delivered to the price

European styrene closed up $32 to $per ton on Wednesday. Some special buyers of fixtures and software entered the market. The news said that the manufacturers reduced production and crude oil rebounded slightly, which gave a slight boost to the market. The market was looking for small package sources. I heard that there was a deal at $600/ton. In the morning trading on Wednesday, the shipment in November remained at USD/ton, and the voice of coke enterprises in North China, East China and central China continued to rise; Steel prices rebounded slightly and fell slightly in December. There is little negotiation about the monthly shipment. Total expects to reduce the production of its 100000 ton styrene unit from 2009, which has not been confirmed by the manufacturer

US styrene rose 0.5 US cents on Wednesday 5 cents/pound. In terms of manufacturers, BASF postponed its styrene commercial restructuring from the originally scheduled January 1st, 2009, due to changes in the current market environment

III. local market conditions:

Changzhou Xinhu ABS has poor sales and less supply. The reference price of ac800 is 13700 yuan/ton, the actual transaction price is slightly lower, and there is not much inventory. The offer of ac-800 in East China is about 13900 yuan/ton. The operating rate of the device is basically normal

the reference price of ABS of Ningbo Taihua Chemical Co., Ltd. decreased slightly, with 15a1 reference ex factory price of 14300 yuan/ton, 12a1 reference ex factory price of 14300 yuan/ton, and 15e1 reference ex factory price of 14100 yuan/ton. There is a certain discount for the actual transaction. The recent sales are general, the inventory is normal, and the operating rate of the device is%

this morning, the ps/abs market in Yuyao plastic city was basically weak, the price continued to decline, and the market was depressed. Traders' shipments are poor and lack confidence in the future. Downstream users do not enter the market much, and continue to take a wait-and-see approach. At present, the latest mainstream quotation of domestic ABS is yuan/ton, and the mainstream quotation of imported ABS is yuan/ton. The mainstream quotation of GPPS is yuan/ton, so the query time will be very slow and it is impossible to satisfy the user's needs. The mainstream quotation of hips is yuan/ton

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