PEG market firms slightly but remains rangebound
Polyethylene Glycol pricing in India recorded a small weekly increase, while the broader structure remained stable. Indian PEG prices closed at Rs 115.00/kg on December 22, rising Rs 3.00/kg from the previous week. Trading activity stayed calm, with the market holding within its established range. The fortnight comparison shows prices unchanged versus December 8 levels, underlining that the weekly rise followed a period of consolidation. On a month-on-month basis, prices are Rs 2.00/kg higher than the Rs 113.00/kg recorded on November 22, keeping the market slightly firmer without expanding volatility. Indian PEG prices have therefore maintained a controlled upward bias. Looking further back, prices are Rs 1.00/kg above the September 23 benchmark of Rs 114.00/kg, confirming that the past quarter has been characterised by compression rather than directional moves. Over this window, the trading range extended from lows near Rs 108.00/kg to highs around Rs 115.00/kg, with the latest settlement sitting at the upper boundary. The six-month comparison is flat versus Rs 115.00/kg on June 25, reinforcing the theme of stability. PEG prices in India continue to be monitored for consistency around key reference levels rather than trend shifts.