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【ABS Morning Brief】Terminal demand remains weak, and it is expected that the ABS market will continue to experience a slight decline today.
Longzhong 2025-03-20 08:24:38

I. Focus Points

1、crude oil3/19: The US EIA inventory data was mixed, and with the Fed announcing in March that it would not cut interest rates for the time being, international oil prices eventually rose slightly. NYMEX crude oil futures 04 contract at $67.16, up $0.26 per barrel, a month-on-month increase of +0.39%; ICE Brent crude oil futures 05 contract at $70.78, up $0.22 per barrel, a month-on-month increase of +0.31%. China's INE crude oil futures main contract 2505 fell 2.0 to 521.4 yuan per barrel, and the night session fell 0.3 to 521.1 yuan per barrel.

II. Price List:

Three, Market Outlook

Yesterday, the market prices in Dongguan and Yuyao continued to decline. The recovery of terminal demand was slow, with negative factors prevalent in the market, and terminal demand remained weak. It is expected that today's domestic ABS market prices will continue to maintain a downward trend.

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