[abs daily review] market transaction is good, market price rebounds

1 Today's Summary:

East China market prices rose today; South China market prices rose, and market transactions were fair today.

②ABS monthly output decreased month-on-month in January.

2 Spot Market Overview

Based on Yuyao and Dongguan areas, prices in the East China market are up, and prices in the South China market are up. Today, trading volume among traders increased significantly, while prices of styrene and butadiene fluctuated and retreated. The cost support for ABS is generally weak. It is expected that domestic ABS market prices will maintain a narrow range consolidation trend tomorrow.

3 Price forecast

Based on Yuyao and Dongguan, prices in the East China market are up, and prices in the South China market are up. Today's market trading volume increased, and raw material prices fluctuated lower. ABS manufacturers' cost support is generally weak. It is expected that ABS prices will maintain a narrow range consolidation trend tomorrow.

4 Related Product Information:

Styrene Market ： Read the news ， Afternoon Cost-side support remains, crude oil and the main contract weakened. Zhejiang styrene market sees volatile trading with slight price decrease. Heard of negotiation interest in the range of 7880/7960 yuan/ton.

Acrylonitrile Market ： East China today Acrylonitrile market price The price rose, with the mainstream reference price reaching 7600-7800 yuan/ton, an increase of 100 yuan/ton from the previous trading day. Some factories in the region reduced their output, easing the oversupply pressure, and market quotations were pushed up.

Butadiene Market ： As of press time, the ex-tank self-pickup price of butadiene in Jiangyin, Jiangsu is referenced at approximately 10,400-10,600 RMB/ton, down 200 RMB/ton compared to the previous period. The downward trend in downstream products has led to cautious buyer sentiment. There are few reports of buying interest or completed transactions in the market, and both inquiry and offering intentions have weakened.

5 Data Calendar

Table 4 Overview of Domestic ABS Data (Unit: 10,000 tons)