Indian Phthalic Anhydride prices
Phthalic Anhydride weakened substantially in Mumbai during the latest weekly assessment, dropping by Rs 9.00/kg to Rs 139.00/kg from Rs 148.00/kg. Indian Phthalic Anhydride prices have now declined by Rs 11.00/kg over the past month, confirming that the recent movement is part of a broader downward adjustment rather than an isolated weekly change.
The three-month comparison shows a decrease of Rs 14.00/kg. Prices had traded near Rs 160.00/kg earlier in the year, while the current assessment remains Rs 21.00/kg below the reported annual high. Indian Phthalic Anhydride prices are nevertheless Rs 52.00/kg higher than the six-month reference of Rs 87.00/kg, showing that a significant portion of the earlier recovery remains intact.
Phthalic Anhydride prices in India have ranged from an annual low of Rs 84.00/kg to an annual high of Rs 160.00/kg. At Rs 139.00/kg, the product remains Rs 55.00/kg above the lowest recorded level despite the recent correction.
Support is located around Rs 139.00/kg, matching the current Mumbai assessment, while resistance is observed near Rs 148.00/kg. The Rs 9.00/kg weekly drop represents a relatively pronounced movement and provides procurement teams with an updated benchmark for evaluating supplier offers.
Manufacturers, traders and purchasing teams can compare current quotations against the weekly, monthly, three-month and six-month baselines. The data show simultaneous short-term weakness and longer-term appreciation, making time-period selection important when assessing the present market position. Phthalic Anhydride, PA, Chemical Prices, MarketWeakness, Petrochemicals, Weekly Decline.
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