[ABS Daily Review] Today's Market Transaction Demand Weakens, Prices Continue to Decline

1 Today's summary:

Today, the market prices in East China have declined; the market prices in South China have also decreased, with transactions maintaining only the essential demand.

②. The monthly production of ABS in October increased significantly compared to the previous month.

2 Spot overview:

Based on the regions of Yuyao and Dongguan, prices in the East China market have declined, and prices in the South China market have also fallen. Today, the market transactions are weak, with multiple negative factors in the market. Some traders are bottom-fishing for goods. It is expected that the domestic ABS market prices will continue to run weakly next week.

3 Production Dynamics

The 200,000-ton/year ABS unit at Shandong Haijiang was shut down for maintenance on August 28 and started back up on October 5.

Figure 2 Weekly Domestic ABS Capacity Utilization Rate Trend Chart	Figure 3: Weekly Domestic ABS Cost-Profit Trend Chart
Data Source: Longzhong Information	Data source: Longzhong Information

4 Price Prediction:

Based on the regions of Yuyao and Dongguan, the prices in the East China market are declining, while in the South China market, prices are showing localized downward trends. Today, market prices have fallen, supply remains high, and there are many negative factors in the market. Some manufacturers continue to reduce prices to increase sales. It is expected that next week, ABS prices will maintain a local downward trend.

5 Relevant Product Information:

Styrene Market ： In the afternoon, WTI crude oil saw a slight decline, with the raw material front consolidating. The main contract was weak, and market trading support was poor. The Zhejiang styrene market experienced volatile trading with a slight drop, with reported negotiation intentions at 6535/6565 yuan/ton. 。

Acrylonitrile Market ： Today's East China RegionAcrylonitrile MarketStalemate consolidation, with mainstream prices referred to at 8100-8200 yuan/ton, unchanged from the previous trading day. Overall supply in the region is ample, but spot buying interest is not strong, leading to a weak and fluctuating market.

Butadiene Market ： As of the time of this report, the ex-tank self-lifting price of butadiene in Jingyin, Jiangsu is approximately 8300-8400 RMB/ton, remaining stable compared to the previous period. Downstream buying sentiment is cautious, and the market transaction atmosphere is relatively weak, with reports of slightly higher asking prices and slightly lower transaction prices being heard.

6 Data Calendar

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