【ABS Morning Alert】Prices in the South China market are declining, and the ABS market price continues to trend downward.

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.

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