Domestic PET values stabilise after volatility
PET prices in the Indian domestic market held flat this week, bringing a pause after several weeks of pronounced adjustments. The Delhi benchmark closed at Rs 95/kg, unchanged from last week, even as the broader trend remains softer than earlier periods. Indian PET prices are marginally lower on a fortnight basis, while month-on-month comparisons show a clearer decline from levels above Rs 100/kg.
The lack of movement in the latest week contrasts with the wider trading range seen previously. Over the past three months, PET prices have fluctuated between a high of around Rs 103/kg and a low near Rs 72/kg. Current levels sit near the middle of this range, highlighting stabilisation rather than renewed weakness. Weekly trading was calm, with limited daily movements and no sharp intraday swings reported.
From a longer-term view, PET prices in India are lower on both six-month and year-on-year comparisons, reinforcing the subdued backdrop. The steadiness seen this week reflects market participants adjusting to a narrower band after earlier volatility. Support is identified near Rs 90/kg, while resistance around Rs 100/kg continues to cap near-term upside. Indian PET prices currently indicate consolidation within an established range rather than directional movement, Domestic PET, PET Prices, Polyester Market, Packaging Resins, Polymer Industry, Price Stability, Market Volatility, Chemical Market, Commodity Update, Industry News. Read the full verified update on IndianPetrochem.com.