Indian ABS prices
The ABS market in Mumbai has stabilized this week following a sharp correction seen over the past month. Indian ABS prices held steady at Rs 219.00/kg, reflecting a pause in movement after a significant decline from recent highs.
The recent trend highlights a drop of Rs 24.00/kg over the past month, with prices falling from Rs 243.00/kg. Despite this short-term weakness, the broader market trajectory remains positive. Over the past three months, prices have increased by Rs 69.00/kg from Rs 150.00/kg, while year-on-year gains also stand at Rs 69.00/kg. Indian ABS prices continue to demonstrate resilience over the longer term.
The yearly price range between Rs 138.00/kg and Rs 243.00/kg illustrates considerable volatility, with current levels positioned near the lower end. ABS prices in India have recently shown limited fluctuations, suggesting a consolidation phase after earlier sharp movements. Indian ABS prices are currently reflecting cautious trading sentiment with reduced volatility.
Support is seen at Rs 219.00/kg, while resistance is observed at Rs 243.00/kg, providing key reference points for traders and procurement teams, ABS, ABS Prices, Market Stability, Post Correction, Polymer Market, Stable Trend.
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