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【ABS Morning Alert】Prices in the South China market are declining, and the ABS market price continues to trend downward.
Longzhong 2025-03-27 08:40:32

I. Focus Points

1、Crude oilOn March 26, U.S. crude oil and refined oil inventories decreased, coupled with unstable geopolitical situations, leading to a rise in international oil prices. NYMEX crude oil futures for the May contract rose by $0.65 to $69.65 per barrel, an increase of 0.94% compared to the previous period; ICE Brent crude futures for the May contract rose by $0.77 to $73.79 per barrel, an increase of 1.05%. The main contract for China's INE crude oil futures (2505) increased by 2.1 to 539.4 yuan per barrel, with a night session increase of 3.5 to 542.9 yuan per barrel.

II. Price List:

III. Market Outlook

Yesterday, the prices in the South China market declined, while prices in the East China market struggled to rise. The overall market transactions were weak, and end-user demand was poor. It is expected that today's domestic ABS market prices will continue to maintain a downward trend.

Data Calendar

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