[abs morning brief] domestic abs market prices expected to maintain partial downward trend today
1. Points of Attention
1 、 Crude oil : 9/2: The conflict between Russia and Ukraine has not yet ceased, bringing potential supply risks, coupled with the continuation of U.S. sanctions on certain oil-producing countries, leading to a rise in international oil prices. NYMEX Crude oil futures 10 Contract 65.59 Rise 1.58 USD / Barrel, month-on-month +2.47% ; ICE Brent oil futures 11 Contract 69.14 Rise 0.99 USD / Barrel, month-on-month +1.45% China INE Crude oil futures 2510 Contract rise 6.2 To 489.8 Yuan / Barrel, night trading rises 5.6 To 495.4 Yuan / Bucket.
2. Price List Form:
Product |
Region |
9-1 |
9-2 |
Rise and Fall |
Styrene |
China |
867.5 |
857.5 |
-10 |
Styrene |
Korea |
857.5 |
847.5 |
-10 |
Styrene |
East China |
7060 |
6980 |
-80 |
ABS |
Yuyao |
9500 |
9500 |
0 |
ABS |
Dongguan |
8540 |
8520 |
-20 |
Note: 1 USD styrene is priced in USD/ton, while styrene in East China and ABS are priced in RMB, unit: RMB/ton. 2 ABS selects Yuyao Zhongyou 0215A. 3 The above RMB prices are tax-inclusive for East China and cash prices for Dongguan. 4 The rise and fall are month-on-month changes. |
3. Market Outlook
Yesterday, market transactions remained sluggish, with bearish factors prevailing, leading to a continued decline in market prices. It is expected that today in China... ABS Market price Maintain a local downward trend.
4. Data Calendar
Data Project |
Publication Date |
Previous Data |
Current Trend Forecast |
ABS Capacity utilization rate |
Thursday 4:00 PM |
70.8% |
↓ |
1 "Consider large fluctuations as those with an up or down movement exceeding 3%, highlighting data dimensions with such changes." 2 Considered as narrow fluctuations, highlighting data with price changes within 0-3%. |
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