1 Today's Summary:

① Today, the market in South China rose; prices in East China also increased, with overall transactions performing well.

② ABS monthly production in April is expected to decline month-on-month.

The market prices have increased based on the benchmarks of Yuyao and Dongguan regions. Today, prices in Dongguan rose, with overall good market trading and a recovery in end-user demand. Prices in East China also increased, with positive market trading.

2 Spot Overview

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

3 Production Dynamics

Tianjin Dagou's 400,000 tons/year ABS plant began to reduce load operation on February 28, with the overall operation maintained at 60%; Liaoning Jinfa's 600,000 tons/year ABS plant is expected to be shut down for maintenance from May 15 to June 30, lasting 45 days.

4 Price prediction:

Today, prices in the South China market rose, and prices in the East China market also increased. Terminal demand is decent, with overall transactions being robust. It is expected that tomorrow's market prices will maintain a narrow consolidation trend.

5 Related product information

Styrene market ： In the afternoon, the main futures for feedstock and styrene showed slight gains, with spot market participants adjusting their strategies accordingly. The Zhejiang market saw a fluctuating upward trend during the day, with current negotiations heard at 8,170/8,200 yuan per ton.

Acrylonitrile Market ： Today in East ChinaAcrylonitrile market priceThe mainstream delivery reference price has risen to 9,200-9,400 yuan/ton, an increase of 100 yuan/ton compared to the previous trading day. Partial supply reductions have driven market offers higher, and manufacturers also have expectations of price increases.

Butadiene Market ： As of press time, the ex-tank self-pickup price of butadiene in Jiangyin, Jiangsu is around 11,000 yuan/ton, down 50 yuan/ton from the previous period. The market trading atmosphere is relatively quiet, with sporadic buying interest at lower prices. However, merchants remain firm in their offers, resulting in a prolonged stalemate in the market with few transactions reported.

6 Data Calendar

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