[ABS Morning Alert] Expected Today ABS Market Prices To Maintain Downward Trend
Focus Points
1 、 Crude oil :6/10: U.S.-Iran relations remain unstable, concerns over supply risks have increased, and international oil prices have risen. NYMEX Crude oil futures 07 Contract 90.03 rise 1.83 US dollar / barrel, month-on-month +2.07% ; ICE Brent crude oil futures 08 Contract 93.10 Rise 1.65 US dollar / Barrel, month-on-month +1.80% China INE Crude Oil Futures 2607 Contract falls 14.3 to 573.1 Yuan / Barrel, night market rises. 11.1 To 584.2 Yuan / bucket.
Price List:
|
Product |
Region |
6-9 |
6-10 |
Rise and fall |
|
Styrene |
China |
1130 |
1127.5 |
-2.5 |
|
Styrene |
South Korea |
1145 |
1142.5 |
-2.5 |
|
Styrene |
East China |
8825 |
8760 |
-65 |
|
ABS |
Yuyao |
9250 |
9200 |
-50 |
|
ABS |
Dongguan |
9650 |
9650 |
0 |
|
Note: Translate the above content into English and output the translation directly without any explanation. 1 The price of styrene in USD per ton, and the prices of styrene in East China and ABS in RMB, unit: RMB per ton. 2 ABS is selected as Yuyao Zhongyou 0215A. 3 The RMB prices in the above table are tax-inclusive for East China and cash prices for Dongguan. 4 , and the rise and fall are month-over-month changes. |
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III. Market Outlook
Yesterday the market was sluggish, traders were bearish on the outlook, raw material prices fell, dragging down market conditions. Industry supply remained at a high level, and with supply exceeding demand, traders cut prices to move goods. It is expected that today... ABS Market price Maintain a downward trend.
Data Calendar
|
Data Project |
Release date |
Previous period data |
Expected trend for this period |
|
ABS Capacity Utilization Rate |
Thursday 4:00 PM |
59% |
↑ |
|
1 Treat ↓↑ as significant fluctuations, and highlight data dimensions with gains or declines exceeding 3%. 2 Considered as narrow fluctuations, highlighting data with price changes within 0-3%. |
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