SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: Abundant Supply and Insufficient Trading, China ABS Market is Weak at the End of March 2025

March 25 2025 10:08:56     SunSirs (Selena)

At the end of March, the domestic ABS market continued to trend weakly, with most spot prices of various grades falling. According to the Commodity Market Analysis System of SunSirs, as of March 24th, the average price of ABS sample products was 11,337.5 RMB/ton, with a price level increase or decrease of -2.89% compared to the beginning of the month.

At the end of March, the domestic ABS market continued to trend weakly, with most spot prices of various grades falling. According to the Commodity Market Analysis System of SunSirs, as of March 24th, the average price of ABS sample products was 11,337.5 RMB/ton, with a price level increase or decrease of -2.89% compared to the beginning of the month.

At the end of March, the butadiene market was mainly consolidating horizontally. In the first half of the month, the on-site transactions were weak, and the market momentum was not good. However, the downstream synthetic rubber futures market has improved, coupled with the increasing number of mainstream enterprises in the East China region facing temporary shutdowns. Under long short hedging, some merchants have attempted to raise prices. The current atmosphere in the spot market is calm, and market prices may consolidate.

The weak operation of styrene was the main trend at the end of March. There are many imported sources of pure benzene raw materials, and the shipments of Shandong's local refining enterprises have fallen short of expectations. At the same time, there has been an increase in downstream maintenance, and downstream demand for gas is average. Holders of goods are actively shipping, and prices continue to fall, dragging down the styrene market. However, the subsequent maintenance of styrene is increasing, and the supply is expected to tighten. Downstream demand support is essential, and profits have slightly recovered. It is expected that the short-term market will mainly focus on narrow consolidation and operation.

On the demand side: The terminal side continues the previous flat pattern, and downstream buying is still lagging behind at the end of March. The load of terminal factories is generally flat, and the purchasing logic tends to be weak in demand and bottom fishing. The atmosphere of on-site purchasing is sluggish, and the flow of goods is slow. Overall, the demand side has weak support for the ABS market.

At the end of March, the domestic ABS market fluctuated and fell. The performance of the upstream three materials is poor, and the comprehensive support for ABS cost is weak. The load of the ABS polymerization plant remains stable with a slight decrease, while the inventory level remains high. Weak consumption on the demand side and insufficient procurement by downstream enterprises. Business analysts believe that the ABS market will have strong supply and weak demand in the long term, and it is difficult to find any positive results. In the short term, the market will still be dominated by weak consolidation.

 

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

Related Information
Energy
Chemical
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products