Despite the gradually fading market sentiment as the holiday approaches and a noticeable reduction in trading activity, the ABS market in the plastic city has shown resilience, not succumbing to the typical weakness associated with the festive mood. Instead, it demonstrates a compelling ability to stand strong amidst adversity. What accounts for this? The answer lies in the impressive performance of the three primary components, which, in addition to a significant rise in crude oil prices boosting market sentiment, also possess other underlying factors.
Entering 2025, the price of butadiene has seen a notable increase due to constrained supplies from incoming shipments, as reflected in monitoring data from Zhongsu Online. Butadiene has risen from 10,900 yuan/ton at the beginning of January to 12,200 yuan/ton currently, marking an increase of 1,300 yuan/ton, or nearly 12%. However, it's essential to note that the rapid price surge of butadiene has adversely affected downstream profits, leading to decreased operational willingness among factories, which are lowering their acceptance of high-priced butadiene. This situation has resulted in a lackluster trading environment for butadiene, leading to a fluctuating market.
Looking at acrylonitrile, it has also experienced significant upward movement due to a tighter supply dynamic coupled with growing downstream demand and low industry inventory levels. Data shows acrylonitrile prices have surged from 9,600 yuan/ton at the beginning of January to 11,100 yuan/ton now, reflecting an increase of 1,500 yuan/ton, or over 15%, demonstrating substantial growth.
Finally, regarding styrene, after a period of decline and adjustment earlier in January, some necessary demand and short-covering have provided support at the bottom. Additionally, production cuts from some styrene facilities and positive export news have bolstered market sentiment. Monitoring data indicates that styrene has risen from 8,455 yuan/ton at the beginning of January to 8,600 yuan/ton now, an increase of 145 yuan/ton or over 1.7%. However, the upward momentum of styrene is limited due to weakening support from benzene.
In contrast to the robust performance of these three components, the ABS spot market appears lackluster, primarily maintaining stability rather than engaging in significant speculative price increases. This is mainly attributed to petrochemical manufacturers holding steady on their price quotes and showing little eagerness to raise prices. Although theoretical profits remain low, even in the negative range, the impending holiday has caused many downstream factories to cease operations, resulting in petrochemical manufacturers having largely completed pre-sales. Their operational strategy is primarily focused on adjustments post-holiday. In conclusion, the ABS market is expected to continue its stable performance leading up to the holiday, with further attention needed on news developments afterward.
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CPC Index, fully known as China Plastic City Raw Material Price Index, is an important tool to reflect the price trend of plastic raw materials in China Plastic City. The launch of this index aims to provide a reliable reference basis for the majority of plastics industry enterprises to help them better grasp market trends and formulate business strategies.
As the "Industrial Information Operation Situation Index Enterprise" designated by the Ministry of Industry and Information Technology, our company is well aware of the industry's urgent need for accurate and timely plastic price information. Therefore, we officially launched the plastic index in June 2011, providing a professional and authoritative price reference for the majority of plastic enterprises.
The average price is an average price obtained through scientific calculation by our platform according to the price of various plastic products in the whole Chinese market. This average price not only reflects the reference price level of the market as a whole, but also is calculated based on the specific price situation of each sub-brand. In short, the average price is a comprehensive indicator, which reflects the average price level of various plastic products in the Chinese market during a certain period.
By viewing the average price of the market, you can understand the average price trend of various plastic products in a specific period. This helps you to better understand the market dynamics, supply and demand of various products and market competition.
The market reference price refers to the accurate and timely quotation provided by several large traders or agents of a certain brand in China Plastics City. We take the reference price of the brand in Yuyao area on the same day according to the price provided by them. The firm that provides the price is listed as the index gathering firm.
Through the market reference price, you can understand the average price level of the current market, so as to better formulate purchasing, sales and other business strategies. At the same time, the market reference price is also an important basis for users to analyze and forecast the market, helping them grasp the market trend and find business opportunities.
The reference price rise and fall list is a tool to rank the price rise and fall of various categories of plastic products under the market reference price. It tracks and compares the price changes of products under various categories of symbols in different time periods such as week, month and year, and then selects the top 20 with the highest price increase or the top 20 with the highest price decrease to form the price rise list and price fall list respectively.
The reference price rise and fall list provides a practical reference for practitioners in the plastics industry, helping you quickly capture the most volatile products in the market, and providing strong data support for your decision.
