A brief comment on the ABS market of China Plastic

2022-08-13
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On March 5, China Plastics warehouse receipt ABS market brief comment

I. Market Overview:

oil prices plunged sharply on Tuesday. Today, two trading varieties in China plastics ABS warehouse receipt market closed up slightly, and the increase was slightly convergent compared with yesterday. In terms of transaction details, the trading atmosphere today is general, and the double volume rose slightly. The ABS index closed at 1270.07 today, down 0.36 points from yesterday. Technically, a short male line with bare head and feet was collected on the daily K-line chart, the physical center of gravity moved down slightly, and the 5-day moving average fell slightly; KDJ index shows that the three lines diverge upward, but the amplitude decreases; The opening of the Bollinger line moves up in parallel; MACD index showed no significant change in the red column

II. Analysis of main varieties:

today, ab0804 opened slightly lower at 15230 yuan/ton, and today's trend basically showed a trend of shock and rise. Today's closing price was 15280 yuan/ton, up 20 yuan/ton from yesterday's settlement price. The settlement price today was 15256 yuan/ton, down 4 yuan/ton from yesterday. Technically, the Japanese K-line receives a bareheaded and barefoot middle Yang line; The center of gravity of the entity has no obvious movement; KDJ index shows that the third line continues to attack at a uniform speed

III. Zong (4) hydraulic seal adopts double seal structure. Comment:

the closing price of WTI futures in New York commodity futures trading is $99.52 per barrel, down 2.9 from the previous trading day. When buying Jinan gold testing machine, it's best to go to the field to see $1 or $3. The closing of Asian pure benzene arbitrage against the United States in April had resistance to the rise of the Asian market, but on Tuesday, the FOB Korean market of pure benzene continued to be supported by the small rise of the U.S. close on Monday, and the husband's sick close rose from $2/ton to $1/ton

a small number of prices in the ABS spot market rose steadily, some supply sources were low, and the mentality of merchants was acceptable. Yuyao A is the big closed-loop control BS of the system. The market performance is tepid, and the quotation basically maintains yesterday's level. Due to cost pressure, it cannot be ruled out that the manufacturer continues to increase the ex factory price in the near future, while the inventory pressure of the merchants is not large, the mentality is still stable, goods are shipped, and small batch transactions remain normal. The latest mainstream quotation is yuan/ton for domestic ABS and yuan/ton for imported ABS

at present, the market quotation is stable and fluctuates slightly, and the stalemate between the buyer and the seller is still difficult to break. Some insiders believe that the market still needs some time to recover, and the digestion of supply in the early stage is relatively slow. Whether the short-term market can escape the early downturn depends on whether there is a quantitative breakthrough in downstream demand

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