The hottest September 22 China Plastics spot ABS m

On September 22, the China Plastics price index rose 18.04 points to 1240.85 points, and the China Plastics spot index fell 1.68 points to 1267.74 points

I. upstream express:

WTI crude oil on the New York Mercantile futures exchange rose $6.67/barrel to $104.55/barrel. Taking Jixi as an example, Brent crude oil rose $4.42/barrel to $99.61/barrel, which is an important means of Engineering wear prediction and prediction

II. Manufacturer dynamics:

styrene FOB South Korea closed 1362 00 USD, CFR China closed 1384 US $50, both down US $15/ton. CML counteroffered 1360 US dollars/ton FOB Korea for the goods shipped in the second half of October, and JJ offered 1370 US dollars/ton for this single goods. At least 4 transactions were concluded on that day. LG and BASF both sold a shipment in the second half of October, FOB Korea at 1365 US dollars/ton, t/t10 days, and the buyer was SK energy. On the CFR China market, an end-user said that the market buyer's intention was USD/ton CFR China, and the price of a seller to a Korean goods was USD 1400/ton CFR China, l/c90 days. Some offers in China continued to decline to 10700 yuan/ton. The largest trader in Zhangjiagang offered to sell at yuan/ton. In terms of devices, Idemitsu Kosan in Japan has shut down the styrene device in Tokuyama for a 35 day overhaul since September 11. Chandra ASRI in Indonesia has suspended the plan of aromatics unit in Anyer because of the low profit of aromatics products at present

last Friday, the Styrene Market in northwest Europe strengthened by $22.50/mt stimulated by the strength of crude oil and arbitrage exports to the United States, and FOB Rotterdam closed at 1450 00 USD/ton. BASF plans to cut its production in Ludwigshafen, Germany, and Belgium by 25% in October to absorb toxic gases such as carbon monoxide, but the news did not have an immediate impact on the market, but a business said that this means that the consumption of styrene has suffered a certain loss. Another business said that it might have a significant impact when the market supply has been surplus. The company said that the reason for taking this step was that "due to the current economic recession, the demand for downstream standard plastic polystyrene decreased". On the same day, the styrene spot market rose with the sharp rise of crude oil. The price of styrene installed in October was $1,, 490/mt FOB Rdam. As of the end of Friday's close, the market had hardly changed