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According to SunSirs, as of August 6, 2026, the technical outlook for ABS indicates a period of range-bound consolidation. In the short term, moving average indicators across various timeframes show mixed signals, reflecting a tug-of-war between bullish and bearish sentiment. Meanwhile, with several domestic ABS plants operating at low loads or undergoing maintenance, tight local supply is providing some price support. Currently, ABS prices sit in the middle of their annual range; coupled with rising geopolitical risk aversion driving up raw material costs, the market is signaling resilience against declines (a bullish bias), suggesting limited downside potential.
ABS prices over the one-year and three-month timeframes are at low-to-mid levels, limiting downside room; however, the price level over the 60-day timeframe is in the mid-to-high range, which might constrain the magnitude of any subsequent upward movement.
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