Palm Wax market gains further in Delhi
Palm Wax prices in Delhi moved higher this week, maintaining the upward tone seen over the past month. Indian Palm Wax prices stood at Rs 136.00/kg, compared with Rs 132.00/kg last week, marking a weekly rise of Rs 4.00/kg. The fortnightly comparison also shows a Rs 4.00/kg gain, indicating steady movement in the domestic market. Trading has remained stable, with limited daily fluctuations. Support is placed around Rs 132.00/kg, while resistance is identified near Rs 144.00/kg.
The monthly comparison shows a gain of Rs 12.00/kg, while the three-month comparison shows a stronger rise of Rs 22.00/kg. Over six months, prices have increased by Rs 21.00/kg. Palm Wax prices in India are currently close to the recent high of Rs 144.00/kg, placing the product near the upper end of its recent range. The available update also points to consistent demand from buyers, supporting the current market position. Indian Palm Wax prices remain important for manufacturers, traders, and procurement teams tracking Delhi market movement, recent highs, and short-term purchasing baselines.
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