PET records sharper weekly drop but remains orderly
PET prices moved lower this week in the Indian domestic market, marking a clear shift after a period of relative stability. Indian PET prices declined by Rs 6/kg on a weekly comparison, pushing values down from the recent high near Rs 105/kg. The same reduction is reflected over the past fortnight, confirming a short-term downward drift rather than a single-week anomaly. Despite the size of the move, market activity remained controlled, with prices stabilising quickly.
In the broader context, PET has traded across a comparatively wide span over the past three months. Prices have ranged from a recent low near Rs 68/kg to the Rs 100-plus zone, indicating more pronounced fluctuations than seen in some other polymer markets. Recent sessions, however, have been calmer, with the latest week accounting for most of the visible change. Indian PET prices continue to reflect this balance between broader variability and near-term control.
From a year-on-year perspective, PET remains only marginally lower. Current prices are approximately Rs 2/kg below levels seen at the same time last year, suggesting that the recent weekly fall has not materially shifted the longer-term baseline. PET prices in India closed this week at Rs 99/kg, sitting within a clearly defined range. Support remains visible around Rs 95/kg, while resistance is noted near Rs 105/kg, PET Records, Weekly Drop, Petrochemical Market, Price Trend, Chemical Industry, Market Analysis, Supply Demand, Commodity Market, Industry News, Price Movement.IndianPetrochem.com offers consistent and verified market intelligence.
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