Uptrend pauses but longer-term strength remains
Precipitated Silica experienced a notable correction this week after several weeks of firmer market conditions. Indian Precipitated Silica prices declined by Rs 11/kg to Rs 110/kg from Rs 121/kg previously, ending a sustained upward stretch that characterised much of May. The fortnight comparison also softened by Rs 10/kg.
The latest adjustment has pulled values away from recent highs, but broader indicators remain positive. Prices were around Rs 104/kg a month ago, Rs 84/kg three months ago and Rs 75/kg six months ago. Indian Precipitated Silica prices continue to trade above these reference points, underlining the strength of the wider trend. Precipitated Silica prices in India are also substantially higher than the Rs 74/kg recorded during the same period last year.
Recent trading peaked near Rs 121/kg, while the broader twelve-month range extended down to around Rs 70/kg. Market participants are closely monitoring whether the latest decline evolves into consolidation or whether values stabilise around current levels. Indian Precipitated Silica prices remain above several key historical benchmarks despite the weekly correction,Uptrend Pause, Long Term Strength, Market Trend, Price Momentum, Commodity Market.
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