On May 29th, the benchmark price of ABS for SunSirs was 10600.00 RMB/ton, a decrease of -6.61% compared to the beginning of this month (11350.00 RMB/ton).
Recently, the three upstream materials of ABS have all declined, which has not provided sufficient support for the cost side of ABS. The petrochemical plant has started a high-level fine adjustment, and the market supply continues to be abundant. Poor demand side support, overall maintaining a weak and rigid demand pattern. Adding to the pressure of on-site inventory, the mentality of merchants has softened, and towards the end of the month, the operation tends to yield profits and take orders.
It is expected that in the short term, the ABS market may continue to be weak due to the impact of supply and demand contradictions.
