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[ABS Morning Brief] Post-Holiday Downtrend Expected

Longzhong 2025-10-09 08:44:57

I. Focus Points

1 、 Crude oil ： 10/8: The market remains concerned about the supply risks brought by the instability of the Russia-Ukraine situation, coupled with the continuation of U.S. sanctions against certain oil-producing countries, leading to an increase in international oil prices. NYMEX Crude oil futures 11 Contract 62.55 Rise 0.82 Dollar / Bucket, month-on-month +1.33% ； ICE Brent crude oil futures 12 Contract 66.25 Rise 0.80 Dollar / Bucket, Month-on-Month +1.22% China INE Crude oil futures are closed due to the National Day and Mid-Autumn Festival holidays.

Price List:

Product	Region	9-29	9-30	Rise and fall
Styrene	China	847.5	837.5	-10
Styrene	South Korea	837.5	827.5	-10
Styrene	East China	6905	6810	-95
ABS	Yuyao	9400	9400	0
ABS	Dongguan	8500	8500	0
Remark: 1 "USD styrene is in USD/ton, East China styrene and ABS are in RMB prices, unit: RMB/ton." 2 ABS selects Yuyao Zhongyou 0215A. 3 The above table shows that the RMB prices in East China are tax-inclusive prices, while those in Dongguan are cash prices. 4 "Increase or decrease is a month-on-month change value."

3. Market Outlook

Before the festival, market transactions remained focused on demand, and the atmosphere for stocking up was moderate. Some manufacturers faced significant pressure, leading to fluctuations and a downward trend in market prices. During the festival, some manufacturers increased their production load, and it is expected that after the festival, the domestic situation will... ABS Market price Maintain a downward trend.

4. Data Calendar

Data Project

Publication Date

Previous Data

This period's trend forecast.

ABS Capacity Utilization Rate

Thursday 4:00 PM

70%

↑

1 Consider fluctuations of ↑↓ as significant, highlighting data dimensions where the increase or decrease exceeds 3%.

2 Considered as narrow fluctuations, highlighting data with changes within the range of 0-3%.

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[ABS Morning Brief] Post-Holiday Downtrend Expected

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