[ABS Daily Review] Traders' Transactions Driven by Demand, Prices Fall More Often Than Rise

1 Summary for Today:

1. Today, the prices in the East China market are declining; in the South China market, prices are mixed with some increases and decreases, and market transactions are driven by demand.

The monthly production of ABS in September is expected to see a slight decrease month-on-month.

2 Spot 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 decreased in some areas, while prices in the South China market have also seen localized small declines. Today's market transactions remain focused on demand, with traders offering discounts. The atmosphere for pre-holiday stocking is average, and manufacturers' prices are more likely to decline than rise. It is expected that domestic ABS market prices will maintain a narrow range of adjustments tomorrow.

3 Production Dynamics

Shandong Haijiang's 200,000 tons/year ABS unit was shut down for maintenance on August 28, and the unit is expected to start up in the near future.

4 Price prediction:

Based on the regions of Yuyao and Dongguan, the price in the East China market has slightly declined, while the price in the South China market has continued to decline gradually. Today, the market demand is rigid, traders are offering discounts to facilitate sales, and supply remains high. It is expected that ABS prices will continue to show a localized downward trend tomorrow.

5 Related product information:

Styrene Market: In the afternoon, the raw material and main market showed weak consolidation, with the styrene market seeing sellers lowering prices while buyers were purchasing based on need, resulting in weak trading activity in the Zhejiang market. There is an intention to negotiate at 6980/7020 RMB/ton, specific negotiations for actual orders. 。

Acrylonitrile Market: Today's East China regionAcrylonitrile market priceCurrently stable, the mainstream delivery reference price is 8500-8600 yuan/ton, unchanged from the previous trading day. Suppliers' quotes remain steady, while the spot market shows insufficient buying interest and trading activity is relatively weak.

Butadiene market: As of the time of writing, the ex-tank self-pickup price for butadiene in Jingyin, Jiangsu is approximately 8900-9050 yuan/ton, down by 25 compared to the previous period. The performance of downstream products is not favorable, and the market buying interest is weak. Some traders are facing downward pressure on their quoted prices, resulting in a slight decline in market conditions.

6 Data Calendar

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