Strong weekly gain lifts Neopentyl Glycol off recent lows
Neopentyl Glycol prices recorded a notable rebound in the Indian domestic market this week, improving short-term sentiment after recent declines. Indian Neopentyl Glycol prices were assessed at Rs 110/kg, reflecting a Rs 7/kg increase from the previous week. This was the strongest weekly rise in more than a month and moved prices above levels seen through much of early January. Despite the sharp move, trading conditions remained structured rather than erratic.
From a fortnight perspective, prices are now higher, confirming the impact of the rebound. The month view, however, still shows Neopentyl Glycol trading below earlier averages, indicating that the broader downtrend has not been fully offset. Over a three-month comparison, prices have retreated from highs near Rs 145/kg, with the latest recovery only partially narrowing that gap. Volatility ticked up slightly this week following a prolonged phase of muted changes. Indian Neopentyl Glycol prices continue to sit closer to the lower end of the three-month range, with the recent low around Rs 103/kg providing context. In the broader market view, Neopentyl Glycol prices in India remain below last quarter’s levels, keeping longer-term sentiment cautious despite near-term firmness,Neopentyl Glycol, NPG Prices, Chemical Market, Polyester Resins, Coatings Industry, Weekly Gain, Price Recovery, Market Trend, Petrochemical News, Industry Update.
Support is seen near Rs 105/kg, while resistance is noted around Rs 120/kg.
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