PET prices hold firm close to monthly peaks
PET has maintained a steady tone this week after posting notable gains earlier in December. The latest weekly assessment shows prices closing flat at Rs 103/kg, keeping the market positioned near its strongest levels of the month. Indian PET prices have risen Rs 3/kg over the past fortnight, highlighting the firm underlying structure even as short-term movements have slowed.
On a monthly comparison, prices are higher by Rs 17/kg, reflecting a sharp rebound from early-month lows near Rs 86/kg. The three-month trend remains supportive, with prices up Rs 27/kg, confirming that the current phase represents consolidation after recovery rather than renewed weakness. Over the past month, trading activity has been orderly, with limited volatility once higher price levels were established.
The six-month view shows PET prices higher by Rs 8/kg, while year-on-year comparisons indicate a Rs 7/kg increase. These longer-term gains underline that current levels are well above earlier benchmarks. Indian PET prices are now trading near resistance around Rs 103/kg, with support identified closer to Rs 86/kg. PET prices in India remain clustered near the top of the recent range, offering a stable reference point for procurement planning, PET Prices, PET Market, Polyester Industry, Plastics Market, Chemical Industry, Price Trend, Global Trade, Petrochemicals, Market Update.
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