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[ABS Weekly Outlook] Terminal demand is recovering slowly, and it is expected that ABS will maintain a downward trend.
Longzhong 2025-03-24 08:13:22

I. Focus Points

1、crude oil3/21: The market believes that the Asian economy and demand are expected to improve, and the instability in the Middle East still brings potential supply risks, leading to an increase in international oil prices. The NYMEX crude oil futures May contract rose by $0.21 per barrel to $68.28, a month-on-month increase of 0.31%; the ICE Brent crude oil futures May contract rose by $0.16 per barrel to $72.16, a month-on-month increase of 0.22%. China's INE crude oil futures main contract 2505 rose by 9.3 to 531.3 yuan per barrel, and the night session rose by 4.4 to 535.7 yuan per barrel.

II. Price List:

Market Outlook

Last week, the market prices in Dongguan and Yuyao continued to decline. The recovery of terminal demand was slow, and merchants continued to offer discounts on their goods. Overall market demand was moderate. It is expected that the domestic ABS market prices will continue to show a slight downward trend this week.

Four, Data Calendar

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