A brief comment on the ABS market of China Plastic

2022-08-16
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On September 22, China Plastics warehouse receipt ABS market brief comment

first, the market brief comment followed:

on September 21, the price of styrene in Asia fell by $5/ton, and WTI crude oil rose by $0.85/barrel in the same month

today, the ABS warehouse receipt index closed at 1113.27 points from the government level at 11:00, down 0.83 points from the previous trading day. The total daily turnover was 25 tons, and the order volume decreased by 20 tons to 605 tons. The details of each warehouse receipt are as follows:

ab0610 warehouse receipt opened high and went low. The opening price was 14800 yuan/ton, up 70 yuan. The intraday price went down all the way to the closing price of 14530 yuan/ton, down 200 yuan. The transaction was general, and the settlement price was 14710 yuan/ton, down 20 yuan from the previous trading day

ab0611 warehouse receipt transaction volume contracted. The opening price was 14450 yuan/ton until the closing, and the settlement price was 14450 yuan/ton, down 5 yuan from the previous trading day

II. Fundamental analysis:

yesterday's rise in crude oil made the ABS market, which was originally unknown, more confused. Traders refused to replenish, but the quotation remained at yesterday's level, and the transaction was general. It is expected that the ABS price will fluctuate with the crude oil price 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

this machine is driven by synchronous electromechanical note: the reprinted content is marked with the source, and the reprint is for the purpose of transmitting more information, which does not mean that you agree with its view or verify the authenticity of its content

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