ABS Market Update – Mar 26, 2026

1. Key Points

• On March 25, the U.S. released signals of potential peace talks and easing conflicts, which reduced market concerns over supply risks, leading to a decline in international crude oil prices.
• Crude oil prices:
  • NYMEX May contract: USD 90.32/barrel, down USD 2.03 (-2.20%)
  • ICE Brent May contract: USD 102.22/barrel, down USD 2.27 (-2.17%)
  • China INE crude (2605): RMB 727.2/barrel, night session up to RMB 730.8

Notes:

1. USD prices for styrene are in USD/ton; East China styrene and ABS are in RMB/ton.
2. ABS price refers to CNPC 0215A (Yuyao).
3. East China prices include VAT; Dongguan prices are cash prices.
4. Changes indicate day-on-day differences.

3. Market Outlook

• Market trading was relatively active yesterday.
• News of production cuts at Zhejiang Petrochemical boosted sentiment, prompting traders to build inventories.
• However, due to declining raw material prices, most traders are offering lower quotations.

👉 It is expected that ABS prices will remain at a relatively high level today.

4. Data Calendar

Notes:

• ↑↓ indicate significant fluctuations (over 3%)
• ↗↘ indicate minor fluctuations (within 0–3%)