【ABS Morning Briefing】Local prices in South China have seen a slight increase, while the East China market is experiencing minor adjustments.

I. Focus Points

1. Crude Oil: On 3/3, concerns over the U.S. imposing additional tariffs, which could weigh on the global economy and demand, coupled with uncertainty about whether OPEC+ will delay its production increase plan, led to a decline in international oil prices. The NYMEX crude oil futures 04 contract fell by $1.39 to $68.37 per barrel, a decrease of -1.99% month-over-month; the ICE Brent oil futures 05 contract (after rolling over) fell by $1.19 to $71.62 per barrel, a decrease of -1.63% month-over-month. China's INE crude oil futures main contract 2504 fell by 3.3 to 539.2 yuan per barrel, and further dropped by 12.7 to 526.5 yuan per barrel during the night session.

II. Price List:

III. Market Outlook

The market price in Dongguan increased yesterday, with transactions mainly driven by rigid demand. The major regional listings from CNPC were adjusted downward, but there was a slight increase in some parts of the South China market, while the East China market showed minor adjustments. It is expected that today, the domestic ABS market prices will remain stable with minor adjustments.

IV. Data Calendar