Acrylonitrile Butadiene Styrene (ABS) 2023 Week40 Price Index

Price Index

ABS Price Index

ABS Price Index

Usage ClassificationWeek 36 (09/03-09/09)Week 37 (09/10-09/16)Week 38 (09/17-09/23)Week 39 (09/24-09/30)Week 40 (10/01-10/07)ChangeUnit

Market Overview

The ABS price index declined, with domestic prices ranging from $1,397 to $1,616 per ton. Crude oil and styrene markets downturned, leading to decreased selling prices. Downstream factories wait-and-see, limited transactions. Leading manufacturers cautious, market prices lower than factory prices.

Upstream Market Summary

Crude Oil: Signs show strong economy, slight rebound in oil prices. Concerns about US interest rate hikes led to largest weekly decline since March. As of October 6th, November 2023 WTI crude oil rose by $0.07 per barrel to $82.79, while December 2023 Brent crude oil rose by $0.07 per barrel to $84.58. Chinese crude oil futures settlement price unavailable due to market holiday.

Styrene: Jiangsu styrene market declined, spot prices dropped by $62 to $1,178-$1,201 per ton. South China market prices fell by $62 to $1,219-$1,233 per ton.

Acrylonitrile: Eastern China ports’ self-pickup assessment price around $1,356 per ton. High-priced offers reported, focus on downstream replenishment pace, price assessments as main reference, case-by-case negotiations.

Butadiene: Jiangsu and Zhejiang markets wait-and-see, limited discussions. Most traders have low price intentions, cautious downstream buyers, resulting in few actual transactions. Butadiene prices negotiated at $1,151-$1,193 per ton.

Market Outlook

During the ABS price index extended holiday period, crude oil futures declined, and the weak trend in upstream styrene since late September has put pressure on costs. ABS manufacturers are facing increased inventory pressure, leading to heightened market risk aversion. It is expected that the ABS market will experience a weak trend in the short term.

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