Indian PP prices
PP values in Mumbai held steady this week, maintaining the stable pattern seen over the past month. Indian PP prices were assessed at Rs 135.00/kg, unchanged from the previous week. The fortnightly movement was limited, with prices showing a marginal increase of Rs 1.00/kg from Rs 134.00/kg. This indicates a calmer trading environment after earlier volatility, with current levels offering a firm benchmark for domestic market participants.
The monthly picture shows stability, while the three-month comparison reflects a sharper adjustment from Rs 151.00/kg to the current Rs 135.00/kg, a decline of Rs 16.00/kg. In contrast, the six-month trend remains clearly higher, with prices rising from Rs 91.00/kg, showing a recovery of Rs 44.00/kg. Year-on-year, the market is up Rs 41.00/kg from Rs 94.00/kg. Indian PP prices are now close to the lower end of recent trading levels, with support near Rs 134.00/kg and resistance around Rs 138.00/kg. PP prices in India continue to show short-term stability while holding a stronger position over longer comparison periods. For buyers and sellers, the current level highlights a balanced trading zone after a period of wider price movement, PP, Mumbai Trading, Flat Market, Chemical Market, Price Stability, Trade Update.
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