1、Today's Summary

①、Crude Oil: 3/4: The U.S. tariff policy has sparked potential trade dispute risks, coupled with OPEC+ planning a slight increase in production from April, leading to a decline in international oil prices.

②、Today, the market prices in South China have seen minor declines in some areas, while prices in East China have remained largely unchanged.

2、Spot Market Overview

Using Shandong and Hebei regions as a benchmark, today the unpainted crushed motorcycle shell material in Shandong was priced at 5200 yuan/ton, and the impact-resistant yellow granules in Hebei were priced at 7500 yuan/ton, with stable prices, in line with early expectations. There is a release of rigid demand downstream, but the market sentiment is cautious, with limited acceptance of high prices and stronger bargaining power. Therefore, current market prices are mostly stable.

3、Price Forecast

The recycled ABS market is currently in a phase of range-bound consolidation, with operators showing considerable instability in their trading mentality. Although the traditional peak demand season, known as "Golden March," has arrived, the release of demand does not seem as strong as expected, making it difficult for recycled manufacturers to achieve significant growth in sales. At the same time, manufacturers are more risk-averse and are being particularly cautious in their operations to effectively control inventory levels.

4、Related Product Conditions

ABS Market: Today, local prices in South China have decreased, while prices in East China have remained relatively stable. Market transactions are mainly driven by rigid demand, and the prices of the three major raw materials continue to fall, weakening the cost support for ABS. With more negative factors in the market, it is expected that domestic ABS prices will continue to maintain a narrow consolidation trend tomorrow.