Octanol firms modestly at top of recent range
Octanol prices posted a modest increase in the final week of December, reinforcing a firmer tone that has developed over the past fortnight. Indian Octanol prices were assessed at Rs 120.00/kg on December 31, up Rs 1.00/kg week on week, keeping values close to the recent three-month high. Trading through the week remained steady, with small daily movements and no abrupt shifts despite the upward bias.
Short-term comparisons underline the improvement. Prices are Rs 5.00/kg higher than Rs 115.00/kg on December 17, while the month-on-month view shows a rise of Rs 5.50/kg from Rs 114.50/kg at the start of December. Over a three-month horizon, the market is Rs 4.00/kg firmer than the Rs 116.00/kg level recorded on October 2, indicating a gradual strengthening pattern. Indian Octanol prices have thus edged higher without breaking out of their established band.
From a broader perspective, the six-month comparison places current values Rs 5.00/kg below Rs 125.00/kg seen on July 4, while the year-on-year comparison shows prices Rs 8.00/kg lower than Rs 128.00/kg on December 31, 2024. Octanol prices in India have traded largely between Rs 113/kg and Rs 120/kg over recent months. Support is observed near Rs 113/kg, with resistance around Rs 120/kg continuing to guide market positioning, Octanol, Chemical Prices, Petrochemical Market, Commodity Trends, Price Firming, Global Trade, Market Update, Chemical Industry, Supply Demand, Price Range.
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