NPAC market remains stable despite weaker yearly comparison
NPAC traded sideways in the latest week, maintaining a steady tone after small movements earlier in the month. The most recent close at Rs 82.75/kg was unchanged week on week, confirming that short-term volatility remains limited. Indian NPAC prices therefore continue to provide a consistent reference point for near-term planning. Short-term indicators show mixed signals. On a fortnight basis, prices are down Rs 2.25/kg from Rs 85.00/kg, while the one-month view shows a modest rise of Rs 1.00/kg from Rs 81.75/kg. The three-month comparison adds a slightly firmer note, with prices higher by Rs 2.00/kg from Rs 80.75/kg. Over six months, however, prices are lower by Rs 1.00/kg, and the year-on-year comparison remains clearly weaker, showing a Rs 13.75/kg decline from Rs 96.50/kg. Within the past month, prices moved between Rs 85.00/kg at the upper end and around Rs 81.25/kg at the lower end. The latest close remains within this narrow corridor, underscoring the lack of strong directional movement. Indian NPAC prices are positioned close to support, while NPAC prices in India continue to reflect a balanced but subdued market structure.