ABS Prices to Adhere to an Upward Trend Following Rise in Demand for Consumer Durables

ABS Prices to Adhere to an Upward Trend Following Rise in Demand for Consumer Durables

  • 28-Feb-2020 4:00 PM
  • Journalist: Peter Schmidt

Acrylonitrile Butadiene Styrene (ABS) is regarded as a superior replacement of metals owing to its high impact strength and heat resistance. Increasing preference for ABS in electrical and electronic sectors is likely to boost its demand in India in the coming months. Moreover, as India satisfies majority of its consumer durables demand through imports from China, supply chain disruption as an outcome of Coronavirus is anticipated to be a silver lining for the Indian manufacturers of consumer durables who are expecting an increase in their profit margins. Increased production of consumer goods in India will hence fuel the demand for ABS and will have a positive effect on its domestic prices. Prices of ABS have been pushed up in February as production of air conditioners and refrigerators has increased with improvement in seasonal demand. Furthermore, beginning of domestic production of Geysers from March is anticipated to cause a further increase in ABS prices. Owing to the propelling demand, domestic manufacturers such as Bhansali Engineering and Ineos Styrolution introduced a positive revision in ABS prices by around 2 per cent in the month of February.

Related News

Stavian Chemical Expands Global Footprint with Acquisition of Turkiye Core Polymer
  • 11-Apr-2025 6:45 PM
  • Journalist: John Keats
ABS Market Faces Downturn Amidst Weak Demand and Rising Costs in March 2025
  • 02-Apr-2025 6:30 PM
  • Journalist: Joseph Dennie
Repsol and ELIX Polymers Introduce ABS Grades Made from 100 Chemically Recycled
  • 18-Mar-2025 12:30 AM
  • Journalist: Li Hua
ABS Market Maintained Mixed Sentiments in the US and Asia in Early March 2025
  • 07-Mar-2025 6:30 PM
  • Journalist: Timothy Greene

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.