Indian Pine Oil prices
Pine oil values in Delhi moved lower this week as the domestic market extended the correction already visible during the previous fortnight. Prices settled at Rs 190.00/kg compared with Rs 195.00/kg last week, reflecting another Rs 5.00/kg decline. Trading activity remained relatively balanced, although buyers maintained a cautious approach while monitoring short-term support levels. Indian Pine Oil prices have now declined by Rs 10.00/kg over the last two weeks, placing the market close to the softer end of the recent trading band.
The monthly comparison shows a decline of Rs 10.00/kg, while the broader trend still indicates recovery from earlier lows seen during previous quarters. Over the last three months, prices advanced by Rs 22.00/kg from Rs 168.00/kg, and six-month comparisons indicate gains of Rs 24.00/kg. Resistance continues to be monitored near Rs 200.00/kg, with support observed around Rs 190.00/kg. Indian Pine Oil prices remain stronger on a long-term basis despite the recent decline, and Pine Oil prices in India continue to reflect stable domestic demand conditions with limited day-to-day volatility, Pine Oil, Delhi Market, Price Correction, Cautious Market, Chemical Market.
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