Lackluster ABS trading persists in Indian markets; price not likely to go up

Oct 22: Weak demand conditions for ABS are likely to persist further in India, at least upto the second weak of November 2013, as there is no indication of strengthening of off-takes from the key end-users of ABS--automobile and appliance sectors, according to market participants. Demand conditions for the engineering polymer remained lackluster in the major markets in the country, similar to the conditions for commodity polymers. Articulating the prevailing trading situation, a trader in the Mumbai market told Indianpetrochem," ABS trading is slow in the market, but trading is likely to improve post Diwali."
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