[ABS Daily Review] Traders Cut Prices to Sell, Today's Prices Slightly Down

1 Today's Summary:

①. Today, the East China market prices fell; the South China market prices were narrowly adjusted, and market transactions were average.

② The monthly ABS production in September is expected to decline slightly month-on-month.

2 Spot Market Overview

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

Based on the Yuyao and Dongguan areas, prices in the East China market have slightly declined, while prices in the South China market have remained stable within a narrow range. Today's market transactions remain driven by rigid demand. Prices in the East China market continue to decline gradually. Negative factors dominate the market today, and market sentiment is generally average. The price increase of ABS is weak. It is expected that domestic ABS market prices will maintain a downward trend tomorrow.

3 Production Dynamics

Shandong Haijiang's 200,000-ton/year ABS plant was shut down for maintenance on August 28, and the restart date is yet to be determined.

4 Price Prediction:

Based on Yuyao and Dongguan regions, prices in the East China market have partially declined, while prices in the South China market are fluctuating within a narrow range. Today's market transactions are driven by rigid demand, and traders continue to offer discounts to clear inventory. It is expected that ABS prices will maintain a downward trend tomorrow.

5 Relevant product information:

Styrene Market: Styrene: In the morning, the styrene market in Fujian showed a generally moderate trading atmosphere. The main futures fluctuated, and market participants maintained a strong wait-and-see attitude, awaiting further buying interest to guide the market. Offer prices were around 7,200-7,250 yuan/ton.

Acrylonitrile Market: Today in East ChinaAcrylonitrile market pricePrices rose, with mainstream delivered reference prices at 8,700-8,800 yuan/ton, up 50 yuan/ton from the previous trading day. There were fluctuations in local production units, and suppliers continued to hold firm on prices, while the spot trading atmosphere was average.

Butadiene Market: As of the time of writing, the ex-tank self-pickup price of butadiene in Jiangyin, Jiangsu is around 9,200-9,250 RMB/ton, down 75 RMB from the previous period. Some sellers are still quoting relatively firm prices, but downstream buying enthusiasm is generally weak, with actual transactions tending to occur at lower levels. The market focus continues to shift downward.

6 Data Calendar

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