A brief comment on the ABS market of China Plastic

On May 12, China Plastics warehouse receipt ABS market brief comment

I. overview of the accuracy of market experimental data:

last Friday, the oil price broke through the $125 mark for the first time. Today, China plastics ABS warehouse receipt rose as a whole, and the rise was weaker than other varieties. In terms of transaction details, the trading atmosphere today was poor, the trading volume increased significantly compared with the previous trading day, and the order volume increased slightly compared with the previous trading day. The ABS index closed at 1306.18 today, up 2.62 points from yesterday. From the technical point of view, there is a shadow short negative line on the daily K-line chart, and the physical center of gravity has increased. The KDJ index shows that the high level of the third line extends horizontally; The opening of the Bollinger line can realize the closed-loop control of force, displacement and deformation, rising and narrowing slightly; MACD indicator red column slightly increased

II. Analysis of main varieties:

today, ab0806 opened significantly lower at 15700 yuan/ton. Fifty minutes after the opening, the price began to fall back to 15680 yuan/ton. At the end of the day, the buyer made efforts and returned to 15700 yuan/ton. The closing price today was 15700 yuan/ton, up 40 yuan/ton from the settlement price of the previous trading day. The settlement price today was 15695 yuan/ton, down 35 yuan/ton from yesterday. Technically, a T-shaped line is received from the K-line; The physical position of CISC information reporting has increased; The KDJ indicator shows that the three lines are spreading downward

III. comprehensive comments:

WTI crude oil on the New York Mercantile futures exchange rose sharply today by $2.27 to $125.96/barrel, and Brent crude oil rose by $2.56 to $125.40/barrel. Asia styrene CFR rose $15 to close at 1499 5 dollars/ton

the ABS market, especially in the Pearl River Delta, began to have a strong atmosphere of speculation over the weekend, with prices generally rising by yuan/ton. The downstream did not follow rashly, but mostly stayed on the sidelines. In the ps/abs morning market of Yuyao plastic city, we have the courage to promise to continue the trend of last weekend, and the quotation continues to rise. This round of market is mainly supported by the upstream market and the cost side. The international oil price not only broke through the $125/barrel mark, but also continued to show a rising trend. Petrochemical prices rose in turn, pushing up market prices strongly. The latest mainstream quotation for domestic ABS is yuan/ton. Imported ABS is yuan/ton. GPPS is yuan/ton, hips is yuan/ton

abs market continued the trend of last weekend, and the quotation continued to rise. This round of market is mainly supported by the upstream market and the cost side. The international oil price not only broke through the $125/barrel mark, but also continued to show a rising trend. Petrochemical prices rose in turn, pushing up market prices strongly. It is expected that the future market will be adjusted

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