ABS steadies on weekly view while month trend improves
Domestic ABS markets have entered a calmer phase, with weekly prices holding steady even as the broader trend shows improvement. Acrylonitrile Butadiene Styrene closed at Rs 125/kg this week, unchanged from the previous assessment. While the lack of weekly movement may appear neutral, a comparison with levels seen two weeks earlier shows a rise of about Rs 3/kg, indicating that Indian ABS prices are gradually recovering from recent softness.
The month-on-month comparison strengthens this view. Early-month prices were closer to Rs 120/kg, meaning current levels are now positioned above recent lows. This shift reflects a modest reclaim of ground rather than a sharp rebound. Over a three-month horizon, however, ABS remains below the higher territory observed last quarter, when prices were nearer Rs 130/kg. The longer-term picture therefore remains mixed, combining recovery with restraint.
Trading activity has stayed measured, with moderate volatility and no abrupt swings. The broader range continues to be defined by a lower band around Rs 120/kg and an upper reference near Rs 158/kg. At the current Rs 125/kg level, ABS sits away from the bottom of the range but still well short of prior peaks. This balance keeps procurement decisions cautious, with ABS prices in India offering stability rather than momentum, ABS Prices, ABS Polymers, Plastic Market, Polymer Industry, Weekly Market, Monthly Trend, Price Stability, Commodity Plastics, Chemical Market, Industry Update. Read the full verified update on IndianPetrochem.com.
