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[ABS Morning Briefing] Domestic ABS Market Prices Expected to Maintain Narrow Range

Longzhong 2025-10-24 08:30:49

I. Points of Attention

1 、 Crude oil On October 23, the United States imposed new sanctions on Russian oil companies, heightening market concerns about potential supply risks, leading to an increase in international oil prices. NYMEX crude oil futures for the December contract rose by $3.29/barrel to $61.79, a month-on-month increase of 5.62%. ICE Brent crude futures for the December contract increased by $3.40/barrel to $65.99, a month-on-month rise of 5.43%. China's INE crude oil futures for the 2512 contract rose by 12.2 to 454 yuan/barrel, with the night session rising by 15.8 to 469.8 yuan/barrel.

2. Price List Form:

Product	Region	10-22	10-23	Increase and decrease
Styrene	China	805	805	0
Styrene	South Korea	795	795	0
Styrene	East China	6370	6565	195
ABS	Yuyao	8600	8600	0
ABS	Dongguan	8000	8000	0
Note: 1 The price of USD styrene is in USD/ton, while the prices of styrene in East China and ABS are in RMB, with the unit: RMB/ton. 2 Select Yuyao Zhongyou 0215A from ABS. 3 The above RMB prices are tax-inclusive in East China and cash prices in Dongguan. 4 The rise and fall are the month-on-month changes.

Market Outlook

Yesterday, the market saw decent trading volume, with prices rebounding after being oversold, stabilizing after stopping the decline. Raw material styrene experienced a rebound. It is expected that today in the domestic market... ABS Market Price Maintain a narrow consolidation pattern.

4. Data Calendar

Data Project

Publication Date

Previous Data

The trend for this period is expected

ABS Capacity utilization rate

Thursday 4:00 PM

72.8%

↑

1 Consider significant fluctuations as those with a change of more than 3%, highlighting the data dimensions with such increases or decreases.

2 Considered as narrow fluctuations, highlighting data with changes within the range of 0-3%.

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[ABS Morning Briefing] Domestic ABS Market Prices Expected to Maintain Narrow Range

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