Indian IPA prices
IPA trading activity in Chennai remained weak this week as domestic prices extended their recent correction. The benchmark price dropped by Rs 10.00/kg and settled at Rs 158.00/kg compared with Rs 168.00/kg in the previous assessment. Indian IPA prices have declined sharply over the past month, with the market losing Rs 104.00/kg after reaching elevated levels close to Rs 262.00/kg earlier in the trading cycle.
The last fortnight also reflected continued weakness, as prices moved down from Rs 182.00/kg to current levels. Market participants continue monitoring procurement patterns carefully due to heightened volatility across the domestic market. Despite the recent decline, the broader three-month comparison still indicates a gain of Rs 71.00/kg, while the current benchmark remains well above the three-month low of Rs 87.00/kg. Immediate support is visible near Rs 158.00/kg and resistance around Rs 168.00/kg as the market attempts to stabilize at lower levels. Indian IPA prices continue to attract attention from downstream industries managing raw material exposure and inventory planning. IPA prices in India remain an important reference for buyers evaluating short-term supply conditions and regional trading activity across southern markets, IPA, Isopropyl Alcohol, Chennai Market, Market Pressure, Chemical Market.
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