Second, the upper reaches of the market description of crude oil ** Friday (March 30) closed slightly higher, due to traders in the foreign exchange market earlier this week after the sharp decline in oil prices. The cumulative increase in oil prices this quarter. The May settlement of the New York Mercantile Exchange (NYMEX) for light and low* crude oil prices rose 24 cents to US$103.02 per barrel, or 0.2%.
On Friday, Asian styrene FOB Korea closed at 1452-1453 USD and CFR China closed at 1459-1460 USD, both closing down 2 USD/ton. The market remained lightly talked on that day and the market maintained a stalemate.
Third, the local market quotes today ABS / PS market price stability, normal supply of goods on the floor, real single turnover was mediocre.
The majority of the ABS market in Ningbo has stabilized, and a few feedstuffs are low. High-priced offer is difficult to deal with, some of them are in the discussion space, and the atmosphere is flat. The inventory of middlemen is not high, and the demand for downstream factories is poor.
Changzhou Xinhu ABS public factory offer stabilized. AC-800 reference factory price 16,500 yuan / ton, the actual transaction price is slightly lower. Manufacturers generally ship, inventory is not high, the device load is maintained at about 50%.
Shunde PS market offer is stable, the supply of goods in the venue as a whole is normal, holidays are approaching, businesses have no intention of trading, the atmosphere of substantial trading is slack, and transactions are limited. Downstream factories are mainly used with them.
Close to the holiday, Dongguan PS market sentiment is light, the offer is small, individual material lower, Ningbo Taihua 5250 reported 10,800 yuan / ton, 8250 reported 12,400 yuan / ton. The atmosphere of active trading in the venue was light, and the actual transactions were fair. Downstream plant demand is flat, with the main use.
Fourth, the latest offer 1, petrochemical quotes Jilin Petrochemical ABS pricing continue to stabilize, 0215A province pricing 15,800 yuan / ton. Most of the sources of goods were sent to all major oil companies in Central China for sales. The stocks were at normal levels, and their ABS units were fully loaded with poor sales.
Zhenjiang Chi Mei ABS public factory price stability. 707K factory public offer 17100 yuan / ton, 757K factory public offer 17,300 yuan / ton. It is reported that the actual ex-factory prices of 707K and D180 are all 16100 yuan/ton, and the actual ex-factory price of 757K is 16,300 yuan/ton. Some large orders may be slightly lower. Poor sales of manufacturers, normal inventory, operating rate of about 70% of the device.
Jiangsu Leiden PS factory offer is stable, through the benzene 525 reported 12,000 yuan / ton, 535 reported 12,300 yuan / ton, changed benzene 688 reported 13,500 yuan / ton, 688G supply tight, it is reported that the actual shipping space for talks. The device is operating normally and the inventory is normal.
Tianjin Rentai PS price stability, 133 reported 11,900 yuan / ton, real single can be discussed. The normal operation of the device, the supply of goods in general.
2. As of the end of the 15th of the quotation of the mall, the spot prices of some ABS plastics in China Plastics Co., Ltd. have risen and fell, ranging from 50-100 yuan/ton. Among them, 275/Huajin Chemical Co., Ltd. reported a minimum of 14,300 yuan/ton (up 50), DG-417/Tianjin Daxie was the lowest at 15,600 yuan/ton (down 50), and PA-707K/Zhenjiang Chimei reported a minimum of 15,800 yuan/ton. 100), PA-757/ Taiwan Chi Mei minimum report 16,750 yuan / ton (down 50).
By 15 o'clock, the individual HIPS spot in China Plastics Co., Ltd. rose 50 yuan/ton, and that of 825/panjin ethylene reached 13,550 yuan/ton. In the plastic spot GPPS part of the brand ups and downs, the range of 20-350 yuan / ton, of which GPPS-123 / Shanghai Secco lowest reported 11,650 yuan / ton (down 350), 635 / Fujian minimum price reported 11,700 yuan / Ton (down 50), 525 / Jiangsu Leiden lowest reported 11,600 yuan / ton (up 20).
V. Forecast of market outlook According to the data released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics Service Survey Center, the manufacturing PMI index has continuously risen from 49% in November last year, and last year reported 50.3 in January and January and February this year. In terms of %, 50.5% and 51%, the PMI rose sharply by 2.1% to 53.1% in March. Holidays are approaching, and the popularity of the venue has dropped. As petrol buying continues to be sluggish, petrochemical manufacturers and intermediaries continue to lower their shipping prices, and buying enthusiasm is difficult to recover in the short term. It is expected that the market will maintain the trend of narrow adjustment at the beginning of April.
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