Soaring by 1000 yuan! The three major raw materials are leading a sharp increase! ABS has increased by another 400 yuan! It's hard to see a price drop before the festival! Today, PS and PVC have increased by 50 yuan!

Although the price of butadiene shows a V - shaped trend, its single - day increase is astonishing, reaching 1000 yuan per ton! Especially in the middle of the month, ports in Shandong and Shanghai prohibited oil tankers from Russia and Iran from berthing, causing the futures price of downstream synthetic rubber to rise strongly. The price of butadiene on the supply side rose accordingly, and the market witnessed a crazy upward trend again.

Acrylonitrile: Reaching the highest value in nearly two years

Since the beginning of 2025, the price of the domestic acrylonitrile market has been rising rapidly, reaching the highest value since February 10, 2023. As the largest downstream product of acrylonitrile, ABS accounts for more than 40% of the consumption, providing certain cost support for the price of ABS.

Styrene: The sharp increase in crude oil drives the general rise of futures

From the beginning of the year to the present, the price of styrene has been on an upward trend. At the beginning of the year, the sharp increase in crude oil drove the general rise of commodity futures. The entire aromatic hydrocarbon industry chain increased, and the price of styrene rose in resonance.

However, upstream enterprises have always been very flexible in market control. Dagang and Haijiang have started to reduce production. When ABS production stops here, the output of acrylonitrile increases there, demonstrating flexibility.

Currently, the price of crude oil is still at a high level. Not only for ABS, but also for PVC, PP, and even PE, which experienced a cliff - like decline before, the decline has started to narrow. If things go smoothly, the price of ABS may still have an upward space of 500 yuan!

On January 20th, the domestic PP market had a mixed performance of increases and decreases. The price of mainstream market grades fluctuated between 10 - 50 yuan per ton. In the morning, the futures opened higher and then fluctuated weakly. Most of the market prices remained stable, and the price adjustment range in some areas was - 30/+20 yuan per ton. The driving force from both the supply and demand sides gradually weakened. Downstream factories have gradually entered the pre - Spring Festival holiday stage, and their willingness to replenish raw materials is low, restricting the market transaction progress. The market trading atmosphere is light, and merchants are cautious with an obvious willingness to offer discounts. By the end of the morning session, the mainstream price of East China drawing materials was 7400 - 7500 yuan per ton.

Today's Prediction

It is expected that the polypropylene market will maintain a weak operation trend today. The mainstream price of East China drawing materials is 7400 - 7500 yuan per ton.

On January 20th, the domestic ABS market declined weakly, and the price of mainstream market grades dropped by 50 yuan per ton. Today, the market price in Yuyao area didn't change much, and neither did the price in Dongguan area. As the Lunar New Year approaches, terminal demand is gradually weakening, but the supply from manufacturers is still tight, and some manufacturers have raised their listed prices.