ABS slips after brief firm phase
ABS prices declined this week to Rs 145/kg, reversing the prior Rs 148/kg level. The domestic benchmark has softened over the fortnight and is also marginally below the Rs 147/kg reference recorded a month ago. Indian ABS prices have therefore shifted back toward the lower side of the recent trading band.
Three months ago, the market was similarly positioned at Rs 145/kg, indicating little net quarterly change. However, compared with six months ago near Rs 156/kg, the longer-term trajectory reflects easing. The 30-day range has been contained between Rs 145/kg and Rs 148/kg, showing limited volatility despite the weekly dip. Indian ABS prices remain confined within this defined structure, without broad swings. ABS prices in India currently sit at the lower end of the monthly band, ABS, ABS Market, Price Slip, Brief Firm Phase, Engineering Plastics, Petrochemical Update.
Buyers and traders continue to transact within this narrow corridor, aligning procurement decisions with stable reference markers rather than reacting to abrupt changes, ABS, ABS Market, Price Slip, Brief Firm Phase, Engineering Plastics, Petrochemical Update.
Read the full verified update on IndianPetrochem.com.
