The price of the Asian original material of plastic would arrive the top before Chinese National Day
The marketing specialist said the price of the Asian original material of plastic would arrive the top before Chinese National Day. Because both the buyers and Chinese traders would try best to look for the prompt goods before the long Chinese national day. And their buying will is very strong.
It is said that the bargaining interval of the ABS in Asian market is between 1550 USD and 1640 USD. (CFR south-east Asia).
We get the news from one trader that there are many trade activities and price discussing of butadiene in this week. Because the marketing activities would be less slowly before the Chinese National Day
Chinese market would close down from 1st October to 8th October for Chinese National Day.
And we get the news from marketing people that the sales tender of 2000 tons ABS plastic original material provided in October from Lotte Chemical Titan Malaysia already attracted so many bidders.
Anfast data shows that the price of butadiene in Asia already increase a lot. The price increased 550USD/ton from the end of July. It is about 58%. Till 8th Sept, the price increased to 1500 USD/ton.(CFR south-east Asia)
According to a synthetic rubber, the ABS plastic original material would still increase before the long holiday coming. But once the holiday arrives, the price would be down.
The plastic original material price fluctuates strongly. People do not know the marketing after the long holiday. So people should be cautious when purchasing or holding the goods.