Quotes Of The Week Abs Plastic Brief Information (18 January -1 22)-abs, Ps-plastics Industry
HC plastic mesh : As of this weekend, China Plastic Price Index closed 1064.51 points, up 5.68 points from last week. In the plastic stock index closed 1,141.53 points, down 1.76 points from last week.
An upstream information: This week, the international oil major correction. China’s latest macro- Economy Chinese authorities worried about the data that the market will take measures to curb economic overheating. In addition, data showed U.S. crude inventories EIA U.S. crude demand remains weak. Two aspects have led to sharply lower oil prices. Cut-off Thursday (Jan. 21) New York Mercantile Exchange West Texas light oil March futures settled at 76.08 US dollars a barrel, down 3.31 US dollars from last week; March Brent crude futures settled at 74.58 US dollars per barrel, compared Last week, fell 3.24 U.S. dollars.
Second, the market situation: Week ABS The overall stability of petrochemical manufacturers, some manufacturers made the adjustment. Monday, south China Sinopec Sell Company Guapai Jia raised 150 yuan / ton. Wednesday, PetroChina East China, South China Company of its ABS Factory prices were both down 200 yuan / ton. Deadline Friday, Zhejiang ABS manufacturers continue to offer factory firmed 14900-15200 yuan / ton.
Domestic ABS market as a whole within a narrow range this week fluctuations. Weekly, narrow domestic ABS market volatility, slightly Yindie, the external market bad news coupled with increased end-user acceptance is limited, the market volume too few, many traders follow the market-based. Purchase intention intermediary and downstream business light. East and south China to maintain stable and the two markets weakening trend. Southern part of the lucrative market intermediaries is still dominated by low-cost shipping, and some traders are losing money, its higher offer. Inside the whole transaction smooth, participants lack of confidence. After a slightly warmer climate of southern China, some offer periodically to bottom out, businesses are reluctant sellers, there is psychological, the overall transaction generally. Southern part of the offer back up slightly 50-150 yuan / ton, East markets offer many firmed, brokers general attitude, turnover is still weak. Close to the weekend, narrow domestic ABS market volatility, range and more control in the 50-100 yuan / ton between the East China market continues to offer firmed, because end users tend to hold out, turnover is still no improvement. South China cargo market, accept and uphold the high cost support, part of the price slightly higher, but the inside is not smooth transactions. Deadline Friday, Yuyao Plastic City made the latest offer for the mainstream ABS 14700-15200 yuan / ton. Third, after the potential Forecast:
ABS market this week, finishing a narrow range. The current weak market demand and the difficulties in making high-cost end-user shift downstream users lazy recent purchases, lack of effective transactions with the venue. Near the end of the year, businesses ranging from financial pressures, the market earnings set out a strong intention. Recently, the trend is still strong styrene, petrochemical manufacturers very price support market confidence, but no unusual short-end demand, investors are not contribute much. A narrow range of adjustment is expected to maintain the recent market trend, slightly lower
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