【Morning Brief on Recycled ABS】The market is experiencing just-in-time trading, with recycled ABS prices showing a weak consolidation.

I. Key Points of Concern

1, 3/4: The U.S. tariff hike policy has triggered potential trade dispute risks, coupled with OPEC+ announcing a slight increase in production from April, leading to a decline in international oil prices. The NYMEX crude oil futures 04 contract fell by $0.11 to $68.26 per barrel, down -0.16% month-over-month; the ICE Brent crude oil futures 05 contract fell by $0.58 to $71.04 per barrel, down -0.81% month-over-month. China's INE crude oil futures main contract 2504 fell by 7.7 to 531.5 yuan per barrel, and dropped another 12.7 to 518.8 yuan per barrel in the night session.

2, Yesterday, local prices in Dongguan increased, with market transactions mainly driven by rigid demand. The East China market saw minor adjustments, with overall changes being minimal. Raw material prices decreased yesterday, weakening the cost support for ABS. It is expected that today, the domestic ABS market price will maintain a narrow range of adjustments.

III. Market Outlook

The recycled ABS market is experiencing rigid demand trading, with prices showing weak consolidation. Manufacturers are producing flexibly, and supplies are gradually increasing, making the overall supply relatively abundant. However, the release of market demand is slow, with few downstream orders, low purchasing enthusiasm, and low acceptance of high-priced goods. Recycled material prices are slightly declining, with actual transactions focusing on negotiations.