[abs daily review] raw material prices decline, market down today

1 Today's Summary:

1. The price in the East China market slightly declined in some areas today; the price in the South China market slightly declined in some areas, with market transactions driven by just-in-need demand.

In August, the monthly ABS production increased month-on-month.

2 Spot Overview

Table 1 Domestic ABS Price Summary (Unit: RMB/ton)

Based on Yuyao and Dongguan regions, the price in the East China market has slightly decreased, and the price in the South China market has slightly decreased. Today's market trading remains sluggish, with many bearish factors inside the market. Raw material prices are declining, reducing the cost pressure on ABS. It is expected that the domestic ABS market prices will continue to show a slight downward trend in certain areas tomorrow.

3 Production Dynamics

The Liaoning Jinfa 600,000-ton/year ABS unit is scheduled for a shutdown and maintenance from May 15 to June 30, lasting 45 days. The unit has currently started operation and feeding.

4 "Price Prediction:"

Based on Yuyao and Dongguan areas, the price in the East China market is partially declining, and the price in the South China market is partially decreasing. Today's market transactions are moderate, with weak end-user demand. Traders are discounting to sell, and it is expected that ABS prices will continue a slight downward trend tomorrow.

5 Related product information:

Styrene Market: In the afternoon, raw materials, crude oil, and the main market showed a weak consolidation trend. There was strong selling interest in styrene, and the spot market trading was weak. In the Zhejiang market, There are reports of negotiation intentions at 7260/7300 yuan/ton, with transactions temporarily based on demand. 。

Acrylonitrile market: Today in the East China regionAcrylonitrile Market PriceThe price remains stable, with the mainstream delivery reference price at 8,400-8,500 yuan/ton, unchanged from the previous trading day. Overall supply is abundant, the spot market lacks buying interest, and the negotiation atmosphere is average.

Butadiene market: As of the time of writing, the self-pickup price for butadiene in Jiangyin, Jiangsu is approximately 9,100 RMB/ton, a decrease of 200 RMB compared to the previous period. The news of incoming shipments from overseas has made traders cautious, and some traders are more eager to sell. However, downstream demand remains on a just-needed basis, leading to a lower transaction focus.

6 Data Calendar

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