A brief comment on the ABS market of China Plastic

2022-09-27
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On January 4, China Plastics warehouse receipt ABS market brief comment

I. brief comment on the market:

on January 3, WTI crude oil fell by $2.73/barrel, hoping to help everyone, and the price of styrene in Asia rose by $11/ton

ABS warehouse receipts fell sharply today. At 15:00, the ABS warehouse receipts index closed at 1262.75 points, down 10.95 points from the previous trading day. The total turnover of the whole day was 250 tons, and the order volume increased by 55 tons to 830 tons. Each warehouse receipt hydraulic testing machine is mainly used for metal. It is recommended to use the exchange regulator as follows:

ab0701 opened low and went high. The opening price was 15670 yuan/ton, down 198 yuan. The intraday price rose slowly, reaching a high of 15850 at the close, and the settlement price was 15794 yuan/ton, down 74 yuan from the previous trading day

ab0703 opened low and went low. In the late trading, it fluctuated widely. The opening trading was 15500 yuan/ton, down 114 yuan. The intraday price continued to fall. Before the closing, the price began to fluctuate widely. The closing price was 15455 yuan/ton, and the settlement price was 15450 yuan/ton, down 164 yuan from the previous trading day

ab0704 opened low and went low. The opening price was 15520 yuan/ton, down 60 yuan. The intraday price continued to increase and fall. At present, the cost of production factors of the enterprise continued to increase and fall. The closing price was 15385 yuan/ton, and the settlement price was 15413 yuan/ton, down 167 yuan from the previous trading day

II. Fundamental analysis:

today, ABS markets around the country are still affected by the festive atmosphere, the basic pattern has not changed much, the price is relatively stable, and the transaction is poor. It is expected that ABS warehouse receipts will continue to consolidate in the range in the near future

(personal view, for reference only; based on this, enter the market at your own risk)

source of information: China plastics trading

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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