[abs daily review] today's manufacturer prices continue to fall, market follows suit

1 Today's Summary

Today, the market prices in East China are slightly declining; the market prices in South China are slightly declining, with transactions driven by just-in-need demand.

②. The monthly ABS production in December increased compared to the previous month.

2 Spot Overview:

Based on the regions of Yuyao and Dongguan, prices in the East China market are declining slightly, and prices in the South China market are also declining slightly. Today's market transactions were driven by rigid demand, and although raw material prices rose, they failed to push up the ABS spot market prices. Petrochemical manufacturers' prices continued to decline today, with many negative factors in the market. It is expected that the domestic ABS market prices will continue a downward trend tomorrow.

3 Production Update

Shandong Haijiang's 200,000-ton/year ABS plant will be shut down for maintenance on November 30th, with the restart date yet to be determined.

4 "Price Forecast:"

Based on the regions of Yuyao and Dongguan, the prices in the South China market are declining slightly. Today's market transactions are driven by rigid demand, and the supply volume remains high. Although raw material prices have risen today, they have not been able to drive the ABS spot market prices. It is expected that ABS prices will continue a downward trend tomorrow.

5 Related product information:

Styrene Market ： In the afternoon, crude oil, pure benzene, and main contracts were relatively strong. Zhejiang styrene market offers increase, buyers purchase as needed, market trading rises. There is an intention to negotiate at 6870/6910 yuan/ton. 。

Acrylonitrile Market ： The East China region todayAcrylonitrile Market PriceThe mainstream delivery reference price is 8100-8200 yuan/ton, with the high end dropping by 50 yuan/ton compared to the previous trading day. The spot market offers are relatively low, with most buyers taking a wait-and-see approach, and the trading atmosphere is mediocre.

Butadiene market ： As of the time of writing, the ex-tank self-pickup price of butadiene in Jiangyin, Jiangsu is around 7000-7100 yuan/ton, a week-on-week increase of 200. The bullish trend of downstream products boosts merchants' sentiment. Although some South China supplies are supplementing downstream in Zhejiang, the market buying sentiment is relatively positive. Merchants have limited intentions to quote, and sporadic negotiation prices are on the high side.

6 Data Calendar

Table 4 Overview of Domestic ABS Data (Unit: 10,000 tons)