PS prices remain range-bound despite minor weekly rise
Polystyrene prices recorded a modest increase this week, but the wider picture remains one of stability rather than momentum. Indian PS prices closed at Rs 132/kg, up Rs 1/kg from the previous week. This minor gain comes after several weeks of narrow fluctuations, while the fortnight comparison shows no change, reinforcing the sideways trading pattern that has characterised the market recently.
On a one-month basis, prices are higher by only Rs 1/kg, confirming that overall movement has been limited. The three-month comparison shows a slightly softer tone, with prices down by about Rs 1/kg from October levels. Over a six-month horizon, the adjustment is more pronounced, with PS declining from around Rs 139/kg to current levels. Indian PS prices therefore reflect gradual easing over time, even as near-term stability dominates.
Annual comparisons continue to show a weaker backdrop. PS is trading roughly Rs 10/kg below year-ago levels, despite intermittent recoveries. The highest point in the broader period was close to Rs 145/kg, while recent lows have been nearer Rs 129/kg. Support is identified around Rs 129/kg, with resistance near Rs 145/kg. PS prices in India remain contained within this range, offering a clear framework for procurement and inventory planningm, PS Prices, Polystyrene Market, Polymer Industry, Price Range Bound, Weekly Rise, Petrochemical Market, Supply Demand, Plastic Industry, Commodity Update, Market Trend. Read the full verified update on IndianPetrochem.com.