Market Review:

On Monday, the domestic ABS market was tidied up narrowly, and the mainstream offer of domestic materials reached 11350-12300 yuan/ton. Eastern China market is mostly flat, although some first-hand merchants are reluctant to sell at a low price, but the market acceptance is limited, and most of them maintain stable negotiations. Some of the South China market offers slightly lower, traders follow the market operation, speculative demand cooling down, the pace of transaction slowed down. Local supplies of a few commonly used materials are scarce, and prices are reported to be high against the trend.

Trend forecast:

Waiting for the terminal demand to follow up, the spot market has become more wait-and-see, and the demand for replenishment and vacancy has declined from last week. Short-term waiting for more information to guide, ABS market or continue narrow consolidation.