[ABS Daily Review] Market Filled with Negative News, Traders Offer Discounts for Sales Today

1 Today's summary:

①. Today, prices in the East China market have declined; prices in the South China market have declined, with transactions maintaining just the necessary demand.

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

2 Spot Overview:

Based on the Yuyao and Dongguan regions, prices in the East China market are falling, and prices in the South China market are declining. Today's market transactions are weak, with multiple negative factors and poor sentiment among traders. The raw material prices continue to decline, and it is expected that the domestic ABS market prices will maintain a downward trend tomorrow.

3 Production Dynamics

Shandong Haijiang's 200,000 tons/year ABS unit was shut down for maintenance on August 28 and started up again on October 5.

Figure 2: Weekly Domestic ABS Capacity Utilization Trend Chart	Figure 3 Weekly Domestic ABS Cost-Profit Chart
Data Source: Longzhong Information	Data source: Longzhong Information

4 Price Prediction:

Based on the Ningbo and Dongguan regions, prices in the East China market are declining, while prices in the South China market are experiencing localized downward trends. Today's market prices declined while the supply remained high. There are many bearish factors in the market, leading to a poor market sentiment. Raw material prices have also fallen. It is expected that tomorrow's ABS prices will continue to show a localized downward trend.

5 Related product information:

Styrene Market ： In the afternoon, intraday crude oil, raw materials, and leading contracts were generally weak, with market sentiment being poor. The Zhejiang styrene market saw trading prices decline, spot buying was on-demand, and there was insufficient support for transactions. It is heard that there were negotiation intentions at 6600/6630 yuan/ton. 。

Acrylonitrile Market ： Today in East ChinaAcrylonitrile MarketThe stalemate is slightly weak, with the mainstream delivery reference price at 8100-8200 yuan/ton, remaining unchanged from the previous trading day. The overall supply in the region is ample, but spot purchasing interest is poor, and the market is experiencing slight fluctuations.

Butadiene Market ： As of the time of this report, the ex-tank self-lifting price of butadiene in Jingyin, Jiangsu is around 8200-8300 yuan/ton, remaining stable compared to the previous period. Downstream buyers are supporting some sellers with a strong pricing attitude due to low buying opportunities, but the performance of downstream products is not good, and actual transaction prices tend to lean towards the lower end.

6 Data Calendar

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