【ABS Weekly Outlook】Domestic ABS prices are expected to continue their slight downward trend this week.
One, Focus Areas
1、Crude oil: 3/28: The market is worried that the US will impose additional tariffs, increasing trade risks, which could lead to a global economic recession, causing international oil prices to fall. NYMEXCrude oil futuresThe May contract fell by $0.56 to $69.36 per barrel, down 0.80% month-on-month; ICE Brent crude futures for May dropped $0.40 to $73.63 per barrel, down 0.54% month-on-month. China's INE crude oil futures main contract for May 2505 declined by 1.7 to 541.7 yuan per barrel, and the night session fell by 3.7 to 538 yuan per barrel.
II. Price List:
III. Market Outlook
Last week, market prices fell across the board, with trading activity remaining sluggish. Petrochemical plants uniformly lowered their ex-factory quotations, leading to a corresponding decline in market prices. It is expected that domestic ABS prices will continue to experience a gradual downtrend this week.
IV. Data Calendar
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