Abs daily report: Trading Volume Weak Today, Prices Continue To Decline

1 Today’s Summary:

① Today's East China market prices adjusted and corrected; the South China market also adjusted and corrected, with very weak market transactions.

②The monthly production of ABS in March increased month-on-month.

2 Spot Market Overview:

Table 1 Summary of Domestic ABS Prices (Unit: Yuan/Ton)

Based on Yuyao and Dongguan regions, prices in East China and South China have declined. Today, trading companies’ transaction volume was extremely weak. Traders in East and South China lowered their quotations, offering discounts to realize profits, thus dragging down market prices. Domestic ABS prices are expected to remain slightly lower in some regions tomorrow.

3 Production Dynamics

Shandong Haijiang’s 200,000-ton-per-year ABS unit was shut down for maintenance on August 28 and restarted on October 5. It was shut down again starting December 1.

Figure 2: Weekly Domestic ABS Capacity Utilization Rate Trend Chart	Figure 3 Weekly Domestic ABS Cost and Profit Trend Chart
Data source: LSRN Information Network	Data Source: Longzhong Information

4 Price Prediction:

Taking Yuyao and Dongguan as the benchmark, the market price in the East China region is declining, and the market price in the South China region is also declining. Trading volume in the market this afternoon was very weak. Raw materials fluctuated downward, and market participants with profits sold at low prices, dragging down market prices. ABS prices are expected to remain on a downward trend tomorrow.

5 Relevant Product Information:

Styrene Market ： Afternoon news says, ZhejiangStyrene marketJiaotou elevation lift News indicates that raw material prices are rising, market sentiment is increasingly bullish, suppliers are raising prices for their inventory, and trading activity is picking up. The current reference price is temporarily reported as follows: RMB 10,350–10,400 per metric ton

Acrylonitrile Market ： Today in the East China RegionAcrylonitrile Market PriceDown, mainstream delivered reference price at 10,500-10,700 yuan/ton, down 100 yuan/ton from the previous trading day. The macro situation remains unclear, with the market mainly in a (wait-and-see) mood, and spot market quotes continue to decline.

Butadiene Market ： As of the time of this report, the ex-plant delivery price of butadiene in Jiangyin, Jiangsu is referenced at around 14,950-15,000 yuan/ton, a decrease of 450 yuan compared to the previous period. Although a few individual traders maintained stable quotations, the downward trend in downstream products has led to weak trading activity, with increased market hesitation and a decline in market conditions.

6 Data Calendar

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