Indian Phthalic Anhydride prices
Phthalic Anhydride eased this week, with the current price reported at Rs 165.00/kg, down Rs 5.00/kg from Rs 170.00/kg last week. The latest decline follows a steady fortnight, while the monthly comparison remains positive. Indian Phthalic Anhydride prices are still higher by Rs 17.00/kg from Rs 148.00/kg a month ago, indicating that the weekly correction has not erased the broader recent gain.
The three-month and six-month comparisons remain strong. Phthalic Anhydride has increased by Rs 66.00/kg from Rs 99.00/kg over three months and by Rs 63.00/kg from Rs 102.00/kg over six months. Phthalic Anhydride prices in India have recently touched Rs 170.00/kg on the higher side, while lower levels around Rs 97.00/kg were seen earlier this year. Current support is observed near Rs 165.00/kg, with resistance around Rs 170.00/kg. The market has shown stability despite the latest price movement, and Indian Phthalic Anhydride prices continue to reflect a firm longer-term domestic trend with a limited weekly decline, Phthalic Anhydride, Market Slip, Stable Trading, Chemical Market, Price Correction, Trade Update.
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