[ABS Daily Review] Market Sentiment Average, Today's Quotation Continues to Decline

1 Today's Summary:

Today, prices in the East China market have fallen; prices in the South China market have also decreased, with market transactions maintaining just demand.

②. The monthly production of ABS increased month-on-month in October.

2 Spot Overview:

Based on the regions of Yuyao and Dongguan, prices in the East China market are declining, and prices in the South China market are falling. Today, the market transactions are weak, with many bearish factors in the market, and traders are not optimistic. The ABS industry maintained high production levels in October, and it is expected that the domestic ABS market prices will continue a downward trend tomorrow.

3 Production Dynamics

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

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

4 Price Prediction:

Based on the regions of Yuyao and Dongguan, the market prices in East China are declining, while in South China, the prices are showing slight downturns in certain areas. Today's market prices are experiencing a localized downward trend, with supply remaining at a high level. There are many bearish factors in the market, leading to poor market sentiment. It is expected that ABS prices will maintain a localized downward trend tomorrow.

5 Relevant Product Information:

Styrene Market In the afternoon, crude oil, raw materials, and main contracts experienced slight fluctuations and declines. The trading in the Zhejiang styrene market followed the market trend, with spot purchases made as needed. Currently, there are reported negotiation intentions at 6790/6840 yuan/ton, with specific deals to be discussed.

Acrylonitrile Market Today, the acrylonitrile market price in the East China region weakened, with the mainstream delivered reference price at 8200-8300 yuan/ton, down 50 yuan/ton from the previous trading day. Overall supply in the region is ample, while demand shows no significant increase, causing the market to continue to decline.

Butadiene Market As of the time of writing, the ex-tank self-pickup price for butadiene in Jiangyin, Jiangsu, is approximately 8,500-8,600 yuan/ton, a decrease of 50 yuan compared to the previous period. The market trading atmosphere is weak, and coupled with the poor performance of downstream products, some merchants are under pressure to lower their offers. There are also sporadic reports of low-priced bids, leading to a slight downturn in the market trend.

6 Data Calendar

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