The golden September market for ABS and PS has kicked off smoothly!
Every September, the plastics industry looks forward to a familiar event-the anticipated rebound the recovery in the “Golden September” market. This year, the opening rally for two major commodity plastics, ABS and PS, has already unfolded as expected. But how sustainable will this trend be? Can it last throughout the entire month of September? These questions have become the biggest concerns within the industry. Currently, signs of market warmth are emerging, but we are still some distance from a full-blown boom.
Let’s first look at ABS, the standout performer in the market. Data shows that ABS has delivered strong gains over the past two months, with price continuing to rise by late August-main grades increased by 500 to 1,300 yuan per ton compared to early August. The momentum carried into September, as robust styrene costs provided solid price support. combined with moderate downstream inventory replenishment ahead of the holiday season, trading activity has noticeably picked up, and traders remain optimistic. The signal for a strong “Golden September” is now very clear, and a short term bullish trend with minor fluctuations appears firmly established.
In comparison, the PS market has been steady, moderate gains. With expectations of a bottom recovery in the third quarter, current prices are within a mid year range-up by 400 to 550 yuan per ton compared to early August for GPPS, and by 400 to 600 yuan per ton for HIPS. However, clear weakness remain: downstream operations have resumed slowly, end users are cautious in purchasing, mostly replenishing small orders as needed, with no surge in bulk stockpiling. As a result, price increases in PS have been weak and less vigorous than those in ABS.
Overall, this year’s ABS and PS markets have seen a structural recovery, but whether we can pop the champagne remains to be seen. ABS has benefited from a combination of favorable cost conditions, supply dynamics, and strong seasonal demand- three powerful factors that have driven a clear and robust upward trend. In contrast, PS has struggled with weak demand, resulting in only a slow recovery and relativity weaker price gains.
Whether the market can continue to rise will depend not only on cost-side support, but primarily on the strength of restocking by end-user industries such as home appliances and daily necessities. As long as downstream demand continue to expand, there is still room for further increase in prices of both key raw materials. The “Golden September” trend has already begun, with ABS leading the way and PS following closely behind-this differentiated market pattern is expected to persist for some time.
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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.
