A brief comment on the ABS market of China Plastic

2022-09-19
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On November 15, China Plastics warehouse receipt ABS market brief comment

I. brief comment on the market:

on November 14, the FOB price of ethylene in Asia was down $7.5/ton, and WTI crude oil fell $0.30/barrel

today, the ABS warehouse receipt index rose sharply, closing at 1215.50 at 11:00, up 0.34 points from the previous trading day. The total daily turnover was 25 tons, and the order volume increased by 5 tons to 285 tons. The details of each warehouse receipt are as follows:

ab0 at the same time, 612 warehouse receipts opened low and went high, the transaction volume was reduced, and the opening price was 14905 yuan, which could bring down the capital/ton, down 167 yuan, and went up to the closing price of 15202 yuan/ton, and the settlement price was 15054 yuan/ton. A drop of 18 compared with the previous trading day could also make the plastic get a good modified yuan

ab0701 warehouse receipt transaction is general, and the settlement price is 15202 yuan/ton, up 87 yuan from the previous trading day

II. Fundamental analysis:

the price of ABS market today is basically the same as yesterday. Traders dare not leave too much goods in their hands, and their mentality is stable. It is expected that the ABS market will stabilize 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

note: the source of this reprint is indicated. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content

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