Slow down in end-user industries, high prices lowering ABS demand in India

04 July: Slow-down in key industries, like automobiles and appliances, in India has lowered demand for ABS in India. Moreover, the prevailing ABS prices in Indian market are at high rates, also responsible for prevalence of moderate demand conditions for the engineering polymer in the country. In regard to the prevailing market conditions for the polymer, an official of an Indian ABS producer said," Demand for ABS is moderate in India, and that is due to certain sectors, like automobiles and appliances slowing down in the country."
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