1Today's summary:

1. Today, the South China market experienced a downward trend; the East China market saw prices drop, with overall transactions mainly driven by urgent demand.

② The ABS production output for March is expected to increase.

2Spot Overview

The market prices have decreased in the Yuyao and Dongguan regions.Today, the prices in Dongguan have fallen, and the overall market transactions are weak. Terminal demand is poor, and the prices in East China are also declining.

3Production Dynamics

The Teda Gugu 400,000 tons/year ABS facility began to reduce its operating rate on February 28, with overall operations maintained at 60%. The Liaoning Kingfa 600,000 tons/year ABS facility is expected to undergo maintenance shutdown from May 15 to June 30, lasting for 45 days.

4Price Prediction:

Today, the prices in South China have decreased, while those in East China struggle to rise; terminal demand remains average, and there is no significant利好支撑in the market. It is expected that prices will remain slightly lower tomorrow. Note: The word "利好" is translated as "beneficial factors" or "positive support," but without a clear context, it's left untranslated here. If you could provide a specific term, I can adjust the translation accordingly.

5Product Information

In the afternoon, raw material prices fell, and the styrene main contract showed weakness. The spot market exhibited a tug-of-war in trading sentiment, with the Zhejiang market experiencing weak consolidation. There were reports of negotiations at 7950/8000 yuan/ton, with buyers purchasing based on demand.

：Today, the acrylic nitrile market in East China has seen an upward price movement, with mainstream delivery reference prices at 9000-9200 yuan/ton, an increase of 100 yuan/ton compared to the previous trading day. Supply expectations may be reduced, demand shows good performance, and market negotiations are rising.

Butadiene marketAs of the time of writing, the ex-tank self-pickup price for butadiene in Jingyin, Jiangsu is around 10,900 yuan/ton, a decrease of 150 yuan compared to the previous period. The prices of main downstream products in both futures and spot markets have declined, leading to a weak market sentiment among buyers. Additionally, the external sales of some goods from northern Jiangsu have supplemented the supply, further impacting the market downturn.

6Data Calendar