ABS Material Market Overview (20240326)
Markets & Prices
Mar 26, 2024
82
1. Points of concern
Crude oil (3/25):
OPEC+ has a firm stance on production cuts, the instability of the geopolitical situation still exists, and international oil prices rise. NYMEX crude oil futures contract 05 rose 1.32 US dollars / barrel or 1.64% to 81.95; ICE Brent oil futures 05 contract rose 1.32 US dollars / barrel or 1.55% to 86.75. China's INE crude oil futures main contract 2405 rose 3.5 to 631.1 yuan/barrel, and rose 5.4 to 636.5 yuan/barrel in night trading.
2. Price list:
3. Market outlook
Yesterday, the price of China's ABS market fell partially. The market transactions were average yesterday, the quotations of petrochemical manufacturers remained stable, and some manufacturers' inventories accumulated slightly.
It is expected that China's ABS market prices will continue to maintain a downward trend today.
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