ABS Material Market Overview (20240408)
Markets & Prices
Apr 08, 2024
64
- Points of concern
Crude oil (4/5):
Iran and Israel continue to make the situation in the Middle East tense, geopolitical risks continue to increase, and international oil prices rise for the sixth consecutive year.
NYMEX crude oil futures 05 contract rose 0.32 US dollars per barrel or 0.37% to 86.91; ICE Brent oil futures 06 contract rose 0.52 US dollars per barrel or 0.57% to 91.17. China's INE crude oil futures are closed for the Tomb-Sweeping Day holiday.
2. Price list:
3. Market outlook
Yesterday, China's ABS market prices rose across the board. Crude oil and raw material prices drove up spot market prices, and the market sold at high prices.
It is expected that China's ABS market prices will continue to rise today.
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