1today's summary

①、Today, the market prices in South China continue to fall, and the market prices in East China continue to decline.

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

2spot overview

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

With Yuyao and Dongguan regions as the benchmark, market prices have declined.Today, the market prices in Dongguan and Yuyao continue to decline, with terminal demand recovering slowly. The market is filled with negative factors, leading to a continued drop in prices.

3production dynamics

Tianjin Dagu 400,000 tons/year ABS unit started to reduce load operation on February 28, with the overall operation maintained at 60%; Liaoning Kingfa 600,000 tons/year ABS unit is expected to shut down for maintenance from May 15 to June 30, lasting 45 days.

4、price prediction:

Today, the market prices in South China have partially declined, and the market prices in East China have also fallen. Overall, transactions are weak, traders are having difficulty selling goods, and there is a noticeable increase in supply. It is expected that the domestic ABS market prices will continue to show a slight downward trend tomorrow.

5related product situation

styrene marketIn the afternoon, raw material surface consolidation, styrene main plate slightly increased, spot market buying followed with limited increase, Zhejiang market trading fluctuated and slightly increased, heard there were negotiations at 8130/8180 yuan/ton, buying as needed.

acrylonitrile market:Today, the acrylonitrile market price in the East China region has increased, with the main delivery reference price at 8800-9000 yuan/ton, an increase of 100 yuan/ton from the high end of the previous trading day. Supply is expected to decrease, demand is performing well, and market negotiations have improved.

butadiene marketAs of the time of writing, the self-pickup price for butadiene in Jiangyin, Jiangsu, is around 11,000-11,100 yuan/ton, remaining stable on a month-on-month basis. Merchants' intentions to quote are relatively firm, but with some supplies available in South China and downstream demand continuing at a steady pace, there is limited market sentiment boost, leading to a stalemate in the market situation.