#postdecline

[petrochemindian]

Indian Cyclohexane prices

Cyclohexane prices in Kandla have softened slightly this week, continuing a gradual downward movement seen over the past month. Indian Cyclohexane prices slipped to Rs 109.00/kg, reflecting a weekly drop of Rs 1.00/kg and a broader fortnightly correction of Rs 3.00/kg. Despite this easing trend, trading activity remains stable with minimal fluctuations observed in recent sessions.

Looking at the wider trend, the market shows contrasting signals. Prices are lower by Rs 3.00/kg compared to a month ago but remain sharply elevated against the Rs 70.75/kg level recorded three months earlier, marking a rise of Rs 38.25/kg. Over a six-month period, Indian Cyclohexane prices have increased by Rs 32.00/kg from Rs 77.00/kg, highlighting a strong underlying uptrend. The annual range has been significant, with a peak of Rs 115.00/kg and a trough of Rs 70.75/kg. Cyclohexane prices in India are currently consolidating near the Rs 109.00/kg support level, with resistance observed around Rs 112.00/kg, indicating a steady and range-bound market environment, Cyclohexane, Price Stability, Market Support, Post Decline, Petrochemicals.

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[petrochemindian]

Indian PP prices

The PP market in Chennai has entered a stable phase following a period of correction. Indian PP prices held steady this week at Rs 152.00/kg, reflecting a pause after consistent downward movement over the past month. The absence of weekly change indicates a temporary balance between supply and demand.

Recent trends show a decline of Rs 2.00/kg over the last fortnight and a sharper drop of Rs 16.00/kg during the past month. However, the broader outlook reveals recovery momentum, with prices rising by Rs 47.50/kg over three months. On a yearly basis, Indian PP prices are higher by Rs 48.00/kg, confirming sustained long-term strength despite short-term weakness.

The yearly range between Rs 99.00/kg and Rs 173.00/kg highlights significant volatility, but current levels sit closer to the lower end, indicating potential stability. PP prices in India have recently shown minimal fluctuations, suggesting reduced speculative activity. Indian PP prices continue to reflect cautious trading sentiment.

Support is seen at Rs 152.00/kg, while resistance is placed near Rs 154.00/kg, marking key levels for market participants, PP, PP Prices, Market Stability, Post Decline, Polymer Market, Stable Trend.

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[petrochemindian]

Indian LDPE prices

LDPE prices in Mumbai remained stable this week at Rs 163.00/kg, reflecting a steady market after recent corrections. Indian LDPE prices have shown no change over the past fortnight, indicating controlled trading conditions and limited volatility.

The market experienced a sharp decline of Rs 10.00/kg over the past month after touching Rs 175.00/kg. Despite this correction, the broader trend remains upward, with prices rising by Rs 51.00/kg over three months. This sustained increase continues to support Indian LDPE prices at higher levels compared to earlier periods. LDPE prices in India are currently trading near support at Rs 160.00/kg and resistance at Rs 175.00/kg, suggesting consolidation within a defined range.

Year-on-year growth of Rs 45.00/kg further reinforces the positive trajectory, even as short-term stability prevails. Market participants are observing steady conditions, enabling structured procurement planning and reduced exposure to volatility, LDPE, LDPE Prices, Price Stability, Post Decline, Polymer Market, Stable Trend.

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