[abs weekly outlook] expected domestic abs market prices to maintain weak trend this week
I. Points of Attention
1 、 Crude oil : 10/10: The easing of the Israeli-Palestinian situation, combined with the potential risks from U.S. tariff issues, has led to a decline in international oil prices. NYMEX Crude oil futures 11 Contract 58.90 Fall 2.61 USD / Bucket, month-on-month -4.24% ; ICE Brent Crude Futures 12 Contract 62.73 Fall 2.49 USD / Bucket, month-over-month -3.82% China INE Crude oil futures 2511 Contract down 2.5 To 466.2 Yuan / Barrel, night trading fell 21.2 To 445 Yuan / Bucket.
Section 2: Price List
Product |
Region |
10-10 |
10-11 |
Rise and fall |
Styrene |
China |
827.5 |
-- |
-- |
Styrene |
South Korea |
817.5 |
-- |
-- |
Styrene |
East China |
6750 |
-- |
-- |
ABS |
Yuyao |
9200 |
9100 |
-100 |
ABS |
Dongguan |
8400 |
8350 |
-50 |
Remark: 1 USD styrene is quoted in USD/ton, while styrene East China and ABS are quoted in RMB, with units in RMB/ton. 2 Select Yuyao Zhongyou 0215A for ABS. 3 The above table shows the prices in RMB, with the East China prices including tax and the Dongguan prices being cash prices. 4 ", the increase or decrease represents a month-on-month change." |
3. Market Outlook
Last week, market transactions remained driven by rigid demand, and market sentiment was poor. Manufacturers lowered their ex-factory prices, and the prices of the three major raw materials declined. The cost support from manufacturers was moderate. It is expected that this week, the domestic market... ABS Market price A slightly weak tendency.
4. Data Calendar
Data Project |
Release Date |
Previous Data |
The trend for this period is expected |
ABS Capacity utilization rate |
Thursday 4:00 PM |
72.5% |
↑ |
1 Consider significant fluctuations as those with changes exceeding 3%, highlighting the data dimensions of such increases or decreases. 2 Considered as narrow fluctuations, highlighting data with fluctuations within 0-3%. |
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