Indian PS prices
PS prices declined again in the Mumbai market this week as domestic trading sentiment remained weak and buyers stayed cautious about fresh procurement activity. Market assessments placed PS at Rs 171.00/kg compared with Rs 173.00/kg in the previous week, extending the broader downward trend observed during recent sessions. Indian PS prices have therefore continued to move lower amid reduced upward momentum and cautious market participation.
Monthly comparisons show that PS has fallen by Rs 11.00/kg over the past month, while three-month analysis indicates a decline of Rs 7.00/kg from earlier trading levels. Even with the recent correction, six-month trends remain significantly stronger, with prices still higher by Rs 51.00/kg compared with the low of Rs 120.00/kg. Year-on-year comparisons also indicate a rise of Rs 57.50/kg from Rs 113.50/kg. Indian PS prices continue to trade close to support at Rs 170.00/kg, while resistance remains around Rs 173.00/kg. PS prices in India currently reflect cautious procurement planning and close monitoring of market volatility across domestic trading channels, PS Prices, Polystyrene, Mumbai Market, Chemical Market, Petrochemicals, Commodity Trading.
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