China Scrap ABS market Weekly Review (Mar. 1st-5th)

5. Mar. 2010

World Scrap- this week, the price of ABS showed upward trend in the upstream petrochemical industry, foreign quotation was somewhat down. Businesses increased watching intention. The price of ABS scrap was basically stable in the market by the cost of support, some offer advanced. The market supply of goods was in good condition, high-quality materials were more susceptible to business concerns, and the market had a certain turnover.

The dynamics in the upstream market

This week, the quotation of the new material—ABS scrap was stable under the market conditions, most quotes were higher in the petrochemical enterprises. But the downstream demand did not timely follow up, the market trade met resistance.

The dynamics of ABS scrap market

This week, ABS plastic scrap market price remained stable. Near the weekend, part of the scrap prices raised only slightly, showing some of the price artificially high state, the stability was not high. Supply available in the market was still capable of manufacturers to meet the downstream demand, the variety was complete. A small part of the supply somewhat was scarce. In order to start a gradual selling, the downstream manufacturers began to produce, so the demand for scrap was increased. Businesses particularly were obvious in the demand for quality sourcing, market goods traded smoothly. Miscellaneous materials market demand was flat; there was small cargo business consultation. Although business was currently held by waiting and seeing attitude, but the confidence of the market outlook Quotes was still bright.

According to the WorldScrap, this week, the price of ABS scrap changed in fewer species, mainly in the smashed materials and alloy materials by the rise of 100-300 RMB/T. the market performance of the actual transactions was in general.

ABS Scrap: This week, the price of ABS scrap was unchanged compared with the last week, and business was holding stability. ABS Computer Shell 5,600-6,200 RMB/T, ABS computer keyboard 4,900-5,400 RMB/T, ABS computer games Chassis 4,800-5,300 RMB/T, ABS black plating material 7,000-7,500 RMB/T, ABS white wood shavings material 9,500-1,0000 RMB/T, ABS transparent nozzle material 9,700-10,300 RMB/T, ABS plastic mottled material 6,900-7,400 RMB/T, ABS white plastic material 9,200-9,600 RMB/T.

ABS broken material: This week, price increased small in some species in the ABS broken material market. The market had some demand, but the market transactions were in general. ABS transparent broken material 9,500-10,000 RMB/T, ABS white broken material 9,000-9,500 RMB/T, ABS mottled broken material 5,700-6,200 RMB/T, ABS computer shell broken gray material 7,300-7,900 RMB/T, ABS / PC Black crushing material 4,900-5,400 RMB/T, up by 300 RMB than last week's quotation.

ABS crushed material: This week, by the driven demand, the price of ABS crushed material had risen. Performance of the overall market was in general. ABS white crushed material 9,700-10,200 RMB/T, compared with last week's quotes increased by 100 RMB/T, ABS gray crushed material 7,400-7,900 RMB/T, ABS mottled crushed material 5,900-6,400 RMB/T, ABS black crushed material 7,800 -8,300 RMB/T, up by 200 RMB than last week's quotation.

Expectation of future

This week, ABS waste plastics market did not appear the good momentum. The main market was in the stable conditions, businesses were more concerned about the market trends, they held more hesitant attitude with caution. Next week, the market will remain stable, the market volatility are less likely to offer, up losses will be limited. Merchants will purchase based on the demand of businesses.
[WorldScrap]