[ABS Daily Review] Merchants' sales are average; today, they continue to offer discounts for sales.

1today's summary

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 increase.

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, and the market is filled with negative factors, leading to a continued drop in market prices.

3production dynamics

Tianjin Dagu 400,000 tons/year ABS unit began 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 decreased. Overall, transactions are weak, and traders are having difficulty selling goods. There is currently no significant positive support in the market, and it is expected that the domestic ABS market prices will continue to maintain a downward trend next week.

5related product information

styrene marketIn the afternoon, the main crude oil, pure benzene, and styrene contracts were weak. The spot market buying was cautious according to demand. The trading in the Zhejiang market was slightly weak, with negotiations heard at 8100/8150 yuan/ton, and buyers purchasing according to need.

acrylonitrile market:Today, the acrylonitrile market price in East China is stable, with the main delivery reference price at 8800-8900 yuan/ton, unchanged from the previous trading day. The news front is temporarily calm, and the market is mainly observing, with downstream users following up according to demand.

butadiene marketAs of the time of writing, the self-pickup price of butadiene from tanks in Jiangyin, Jiangsu is around 11050 yuan/ton, remaining stable. Market news guidance is quite limited, with downstream mainly digesting contract inventories, and sporadic spot transactions are heard.