[ABS Daily Review] Today's Market Transactions Are Average, Prices Continue Weak Trend

1 Today's Summary:

Today, prices in some areas of the East China market saw a slight decline; prices in some areas of the South China market also saw a slight decline, with market transactions mainly driven by rigid demand.

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

2 Spot Market Overview Table 1 Domestic ABS Price Summary (Unit: Yuan/Ton)

Based on the Yuyao and Dongguan regions, prices in the East China market have slightly declined, and prices in the South China market have also slightly declined. Today's market transactions remain sluggish, with numerous negative factors present. Low-priced goods are frequently seen in the market. It is expected that the domestic market will...ABS Market PriceMaintain a local downward trend.

3 Production Dynamics

Liaoning Jinfa's 600,000 tons/year ABS unit was scheduled to shut down for maintenance from May 15 to June 30, for a total of 45 days. The unit has now been restarted and is feeding materials.

4 Price Prediction:

Based on 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 transaction was average, with weak terminal demand. Traders offered discounts to facilitate sales, and it is expected that ABS prices will continue a slight downward trend tomorrow.

5 Related product information:

Styrene Market ： Afternoon, raw materials,Crude oilThe main market is relatively weak and narrow, with strong selling intentions for styrene, and spot trading in the market has slightly declined. Zhejiang market. It is reported that there is an intention to negotiate at 7,330/7,370 yuan per ton, with transactions currently based on demand. 。

Acrylonitrile Market: Today in East China Acrylonitrile Market Price Stable, mainstream offers are delivered at a reference price of 8,400-8,500 yuan/ton, unchanged from the previous trading day. Overall supply is ample, spot market buying interest is insufficient, and negotiation atmosphere is average.

Butadiene market: As of the time of reporting, the ex-tank self-pickup price of butadiene in Dingjiang, Jiangyin, Jiangsu is around 9,250-9,350 yuan/ton, a week-on-week increase of 50 yuan. The downstream product trend is generally moderate, with end buyers cautious, but some traders in the main port area show firm offer intentions. Low-priced supply is scarce in the market, resulting in a slight upward movement in market prices.

6 Data Calendar

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