[ABS Daily Review] Raw Material Prices Decline, Market Prices Continue to Slip Today

1 Today's Summary:

Today, prices in some areas of the East China market saw slight declines; prices in some areas of the South China market also saw slight declines, with market transactions driven by just-in-time demand.

②. The monthly output of ABS increased month-on-month in August.

2 Spot Market Overview Table 1 Domestic ABS Price Summary Table

3 Production Updates

The 600,000-ton/year ABS unit of Liaoning Jinfa is scheduled for a shutdown and maintenance from May 15 to June 30, lasting 45 days. The unit has already been started up and fed with materials.

4 Price Forecast:

Based on the Yuyao and Dongguan regions, prices in the East China market have partially declined, and prices in the South China market have partially decreased. Today's market transactions were average, end-user demand was weak, and traders offered discounts to clear inventory. It is expected that ABS prices will continue to decline tomorrow.

5 Relevant product information:

Styrene Market: In the afternoon, with raw materials, crude oil, and the main futures rebounding, some buying followed in styrene, and spot trading in the market saw a slight increase. Zhejiang market. There is an intention to negotiate at 7360/7400 yuan/ton, and spot transactions are currently on a need basis. 。

Acrylonitrile Market: Today in East ChinaAcrylonitrile market priceStable, mainstream offers are around the reference price of 8,400-8,500 yuan/ton, unchanged from the previous trading day. Overall supply is abundant, spot market buying interest is insufficient, and negotiation atmosphere is average.

Butadiene Market: As of press time, the ex-tank self-pickup price of butadiene in Jiangyin, Jiangsu is around 9,000-9,100 yuan/ton, down 100 yuan from the previous period. The main downstream synthetic rubber market is trending downward, which has an impact.Butadiene MarketThe trading atmosphere is cautious. Although there were sporadic offers attempting to push higher in the afternoon, there is no actual order support, and the market focus has significantly shifted downward.

6 Data Calendar

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