[ABS Daily Review] As National Day Holiday Approaches, Market Transactions Gradually Cool Down

1 Today's summary:

①. Today, there is little change in the prices in the East China market; the South China market sees slight price declines in certain areas, with market transactions driven by just-in-demand needs.

In October, the monthly production of ABS will increase month-on-month.

2 Spot Overview Table 1 Domestic ABS Price Summary (Unit: RMB/ton)

Based on the regions of Yuyao and Dongguan, the price fluctuations in the East China market are minimal, while the prices in the South China market are gradually declining. Today, market transactions remain focused on just-in-demand needs. As the National Day holiday approaches, logistics are gradually coming to a halt, leading to a decrease in market transactions. It is expected that domestic ABS market prices will maintain a narrow range of consolidation tomorrow.

Based on the Ningbo and Dongguan regions, the price fluctuations in the East China market are minimal, while the prices in the South China market are experiencing localized declines. Today's market transactions maintain just the necessary demand, with weak transactions and many bearish factors in the market. Raw material prices are declining, and it is expected that the domestic ABS market prices will continue a downward trend next week.

3 Production dynamics

Shandong Haijiang's 200,000 tons/year ABS plant shut down for maintenance on August 28 and is expected to restart soon.

4 Price prediction:

Based on the Ningbo and Dongguan regions, the market price in East China has not changed much, while the market price in South China is experiencing a downward trend. Today's market prices have not changed much, with supply remaining high. As the National Day holiday approaches, demand is gradually decreasing, and logistics are halting operations. It is expected that ABS prices will continue to experience a slight decline tomorrow.

5 Related product information:

Styrene Market In the afternoon, crude oil, raw materials, and the main futures contracts mostly showed small declines. In the Zhejiang styrene market, buying and selling sentiment was in a state of contention, with some trading focus shifting to after the National Day holiday. Intraday spot trading saw slight fluctuations and small declines. Currently, There is a negotiation intention for a price of 6960/7000 yuan/ton, with specific discussions for actual orders. 。

Acrylonitrile market: Today's Eastern ChinaAcrylonitrile Market PriceThe market is weakening, with mainstream delivered reference prices at 8300-8500 yuan/ton, down 100 yuan/ton at the lower end compared to the previous trading day. Overall supply in the region is ample, while demand shows no significant increase, leading to further declines in the market.

Table 4 Overview of Domestic ABS Data (Unit: Ten Thousand Tons)