Daily Review: Market Maintains Procurement Demand, ABS Market Fluctuates

Market Overview: On September 25th, the average price of ABS was 9,888 RMB/ton, remaining stable compared to the previous working day. Today, the ABS market prices fluctuated. International crude oil prices surged, leading to an upward movement in the styrene market. However, the market remains constrained by supply and demand dynamics, limiting the upward momentum of prices despite cost support. Most petrochemical manufacturers' offers have stabilized, and the market continues to operate under just-in-time purchasing needs, with traders maintaining discounts for sales. The ABS market prices are fluctuating.

In terms of pricing: The quotation for Jilin Chemical 0215A in the East China market is 9,400 yuan/ton, remaining stable compared to the previous working day; the quotation for Jieyang 0215A in the South China market is 9,580 yuan/ton, also remaining stable compared to the previous working day. As of the date of publication, the mainstream brand quotation in the East China market is 9,300-9,500 yuan/ton.

Upstream: On September 25, 2025, the average price of styrene was 6947 yuan/ton, an increase of 37 yuan/ton compared to the previous working day, with a growth rate of 0.54%. Today's styrene market is holding firm within a price range, with the mainstream spot prices in the East China market referencing 6930-6950 yuan/ton. Supported by reduced production at styrene plants and strong costs, the market remains firm with decent replenishment atmosphere. However, the current styrene market supply and demand pattern remains weak, with reverse arbitrage operations being maintained within the market and the near-end basis continuing to narrow. The price increase potential remains limited. It is expected that the styrene market will remain stable and consolidate in the afternoon, with the mainstream spot price range in East China expected to be 6900-6950 yuan/ton.

Market Forecast: The supply-demand contradiction is difficult to improve, and end-users mostly purchase on demand. It is expected that the domestic ABS market price will show a narrowly weak trend tomorrow. Taking East China 0215A as an example, the ABS market price is expected to be between 9,300-9,500 yuan/ton.