BPA market firms modestly after weeks of stability
Domestic BPA values have edged higher, with recent data pointing to modest firmness after a prolonged period of flat movement. Prices ended the week at Rs 121.00/kg, reflecting a Rs 1/kg increase from the prior week and returning the market to its recent high. Short-term indicators show improvement. Indian BPA prices are higher by Rs 4/kg on a fortnight comparison, although the one-month view remains unchanged. Over three months, prices are still Rs 1/kg lower, indicating that recent gains have only partially recovered earlier losses. The recent low near Rs 117/kg continues to serve as a reference point for downside stability. From a year-on-year perspective, prices are down Rs 39/kg, placing current movements within a broader downtrend. Weekly trading conditions remained calm, with no aggressive swings. Support is identified near Rs 117/kg, while resistance around Rs 121/kg continues to cap advances and define near-term positioning. For participants monitoring BPA prices in India, the current environment reflects cautious firmness within a narrow range. Indian BPA prices remain stable enough to support short-term planning without heightened volatility.