ABS demand declines as a whole amid the off-season

ABS demand declines as a whole amid the off-season, and the overall contradiction between supply and demand further prominent, the market may not move up in the later period. Currently, the mainstream price falls to 11530yuan/mt in East China, and declines to 10820yuan/mt (excluding tax) in South China. After the Shopping Festival, end-users demand is expected to continue to decline. Moreover, due to the impact of the epidemic in many places in China, production and transportation are slightly hampered, export of terminal products is difficult to boost and demand is hard to improve. In addition, the pressure on the supply side is further increased, and a number of large-scale factories are expected to be completed intensively. Even if it is possible to delay, the short-term predictable supply capacity will continue to rise. The following is a detailed analysis of the current changes in ABS.