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[ABS Daily Review] Strong Raw Materials Support, Regional Prices Diverge and Consolidate

Plastmatch 2026-02-24 18:02:34

I. Today’s Summary

The domestic ABS market exhibitsRegional DifferentiationSituation: Local prices in the East China market are declining, while the South China market remains stable, with overall transaction performance generally moderate.

In February, the monthly production of ABS decreased month-on-month. After the holiday, the inventory pressure on manufacturers was manageable, and the supply of goods remained relatively stable.

The raw material segment is trending stronger, providing robust cost support to the spot market and limiting the downside space for prices.

II. Overview of Spot Goods

Today's mainstream domestic ABS spot prices (in RMB/ton) and their respective changes are as follows:

(Source: Longzhong)

East China - Yuyao Market

15E1: 10450, stable

HI-121H: 10500, unchanged

DG417：9550，Fall 150, down 1.55%

PA-757K: 10,500, stable

0215A：8900，Drop 300, down 3.26%

South China – Dongguan Market

15E1: 9600, stable

121H：9280，Drop 20, down 0.22%

KF730: 8250, stable

DG417: 8,800, stable

0215A: 8400, stable

In terms of market transactions, as some businesses gradually resumed operations on the first working day after the holiday, the level of inquiries and trading activities in the market was moderate. In the East China market, some grades saw a noticeable decline, while in the South China market, only a few grades experienced a slight drop, overall presenting a pattern of "East China being weaker, South China stabilizing." Despite fluctuations in spot prices, the relatively strong fundamentals of raw materials have provided a solid bottom for the market.

III. Market Forecast

Tomorrow, the domestic ABS market will remain in a narrow consolidation pattern.。

Cost SideRaw material prices continue to trend strongly, providing solid cost support, and a sharp decline is unlikely.

Supply sideFebruary production decreased month-over-month, but manufacturers' inventory pressure remains manageable, with no significant pressure to offload inventory.

Demand sideThe downstream sector is still in the early stages of resuming work, with market transactions not yet fully picking up, lacking the impetus for a proactive price increase.

Overall, in the short term, the ABS market will mainly trade sideways amid the tug-of-war between cost support and weak demand, with limited price volatility.

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[ABS Daily Review] Strong Raw Materials Support, Regional Prices Diverge and Consolidate

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