1Today's summary:

1. Today, the South China market is fluctuating; the East China market prices are declining, and overall transactions are mainly driven by demand.

In March, the monthly production of ABS is expected to rise.

2Spot overview

Based on the Ningbo and Dongguan regions, market prices are showing a slight decline.Today, the prices in Dongguan are fluctuating.The market prices in East China have partially declined.The overall market transaction is average, with terminal demand mainly driven by essential needs.。

3Production dynamics

The Tianjin Dagu 400,000 tons/year ABS plant started to reduce production on February 28, maintaining an overall operating rate of 60%. The Liaoning Jinfa 600,000 tons/year ABS plant is expected to undergo maintenance from May 15 to June 30, lasting 45 days.

4Price prediction:

At the end of the month, the market is filling the gaps, and transactions have slightly improved. Prices are maintaining a narrow range of consolidation, while supply remains at a high level. It is expected that domestic ABS will continue to maintain a narrow range of consolidation next week.

5Related product information

Styrene MarketIn the afternoon, the main contracts for raw material polypropylene and styrene rose and then fell back. The spot market followed suit, with the price increase in the Zhejiang market narrowing during the day. Currently, there are discussions at 8100/8150 yuan per ton.

Acrylonitrile market:Today in East ChinaAcrylonitrile market priceRise, mainstream delivery reference price is 9100-9300 yuan/ton, an increase of 100 yuan/ton compared to the previous trading day. Phase-wise supply reduction, new production capacity has not yet been released, the market continues to push up.

Butadiene Market：As of the time of writing, the ex-tank self-lifting price of butadiene in Jiangyin, Jiangsu is around 11,000-11,100 yuan/ton, up 150 from the previous period. Improved transactions from suppliers have boosted merchants' quotations, but the buying interest remains just for demand, and the downstream sentiment is cautious. Sporadic buying intentions are at lower prices, leading to a stalemate in the market atmosphere, with few transactions reported.

6Data Calendar

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