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【ABS Morning Update】With end-of-month short covering, today's ABS market prices remain rangebound with mixed movements.

Longzhong 2025-03-26 08:07:11

I. Focus Areas

1、Crude OilOn March 25, continued progress was made in talks between Russia and Ukraine, but the situation in the Middle East remains uncertain. International oil prices showed mixed trends. NYMEX crude oil futures contract for May fell by $0.11 per barrel to $69.00, a decrease of 0.16%; ICE Brent crude oil futures contract for May rose by $0.02 per barrel to $73.02, an increase of 0.03%. China's INE crude oil futures main contract for May increased by 4.0 to 537.3 yuan per barrel; in the night session, it increased by 1.3 to 538.6 yuan per barrel.

Two, Price List:

Market Outlook

Yesterday, prices in Dongguan rose, mainly driven by end-of-month replenishment, while prices in the Yuyao market continued to decline. Terminal demand is recovering slowly, and overall transactions remain based on essential needs. It is expected that today, domestic ABS market prices will show mixed trends.

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