1、Today's Summary:

① The market prices in South China showed a relatively strong trend today, while the market prices in East China remained largely unchanged.

② The monthly production of ABS in March is expected to increase.

2、Spot Overview

Taking Yuyao and Dongguan as benchmarks, market prices have declined. Today, the prices in some parts of Dongguan increased, with transactions mainly driven by rigid demand. The East China market saw minor adjustments, with no significant overall changes.

3、Production Dynamics

The 400,000 tons/year ABS unit of Tianjin Dagang began to reduce its load on February 28, maintaining an overall operating rate of 60%. The 600,000 tons/year ABS unit of Liaoning Kingfa is scheduled for maintenance from May 15 to June 30, lasting 45 days. Jieyang has a maintenance plan for April, and Zhejiang Petrochemical's Phase II Line 4 has a 20-day maintenance plan in March.

4、Price Forecast: Today, local market prices in South China rose, while those in East China remained largely unchanged. Transactions were mainly driven by rigid demand, with raw material prices declining. There are more bearish factors in the market, and cost support is relatively weak. It is expected that domestic ABS market prices will continue to maintain a narrow consolidation trend tomorrow.

5、Related Product Conditions

Styrene Market: In the afternoon, crude oil, raw materials, and major trading volumes weakened. The market buying was based on demand, with holders offering discounts. The trading volume of styrene in Zhejiang declined, with negotiations heard around 8350/8400 yuan/ton.

Acrylonitrile Market: Today, the acrylonitrile market prices in East China fell, with the main delivery reference price ranging from 9200 to 9400 yuan/ton, a decrease of 100 yuan/ton compared to the previous trading day.