[ABS Daily Review] Some Manufacturers Lower Ex-Factory Prices Today, Traders Continue to Concede for Sales

1 Today's summary:

Today, prices in the East China market have seen slight declines in some areas; prices in the South China market have also seen slight declines in some areas, with market transactions mainly driven by rigid demand.

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

2 Spot Overview

Table 1 Domestic ABS Price Summary

Based on the regions of Yuyao and Dongguan, prices in the East China market have slightly decreased, and prices in the South China market have slightly decreased. Today, some manufacturers lowered ex-factory prices, and market traders offered discounts to boost sales. With bearish sentiment prevailing in the market, the domestic ABS market price is expected to remain in a narrow range tomorrow.

3 Production dynamics

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

4 Price prediction:

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 are mainly driven by rigid demand, with weak terminal demand. Traders are offering discounts to clear inventory, and there are many bearish factors in the market. It is expected that tomorrow's ABS prices will maintain a narrow range of consolidation.

5 Relevant product information:

Styrene Market: In the afternoon, raw materials and the main market fluctuated slightly, with a tug-of-war in buying and selling sentiment of styrene, leading to narrow-range trading consolidation. Zhejiang market There are reported negotiation intentions at 7340/7380 yuan/ton, with transactions temporarily made as needed. 。

Acrylonitrile market: Today's East China regionAcrylonitrile Market PriceMaintained, with mainstream deliveries at a reference price of 8,450–8,550 yuan/ton, unchanged from the previous trading day. Producers are holding firm on prices, but market demand is insufficient, and spot transactions have yet to follow up.

Butadiene market ： As of the time of reporting, the ex-tank self-pickup price of butadiene in Jiangyin, Jiangsu is around 9,200 yuan/ton, up 100 yuan/ton compared to the previous period. The main downstream products are showing an upward trend, coupled with tight availability of circulating goods in the main port area. Some traders are maintaining firm quotations, driving the market prices higher, but actual transaction volumes are rarely heard of.

6 Data Calendar

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