Benzene market strengthens on Mumbai price rebound
Benzene prices in Mumbai recorded a sharp weekly increase, reflecting a strong rebound in the domestic market. Indian Benzene prices stood at Rs 115.00/kg this week, compared with Rs 100.00/kg last week, showing a gain of Rs 15.00/kg. The current price is below the fortnightly level of Rs 120.00/kg by Rs 5.00/kg, but it remains higher than the previous month’s level by Rs 15.00/kg. Support is placed around Rs 100.00/kg, while resistance is observed near Rs 120.00/kg.
The longer comparisons show continued strength. Prices have risen by Rs 39.00/kg over three months from Rs 76.00/kg and by Rs 43.00/kg over six months from Rs 72.00/kg. Benzene prices in India have traded between a one-year high of Rs 120.00/kg and a low of Rs 68.00/kg, confirming wide market movement. The latest level is close to the recent upper range, giving traders and procurement teams a clear benchmark for weekly and monthly review. Indian Benzene prices remain relevant for monitoring volatility, resistance levels, and domestic market structure in Mumbai.
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