Indian IPA Prices

IPA closed at Rs 160.00/kg in Hazira after declining Rs 2.00/kg from Rs 162.00/kg during the latest week. Indian IPA prices had gained Rs 17.00/kg over the preceding fortnight from Rs 143.00/kg, placing the latest weekly movement in the context of a substantial short-term rise. The current assessment therefore remains well above the level recorded two weeks earlier.
The supplied three-month trading range extends from Rs 143.00/kg to Rs 220.00/kg. At Rs 160.00/kg, the product is Rs 17.00/kg above the lower end and Rs 60.00/kg below the upper end. IPA prices in India have also increased Rs 82.50/kg over six months from Rs 77.50/kg. The broader comparison remains strongly positive despite the significant decline from the three-month peak near Rs 220.00/kg.
Support is identified near Rs 160.00/kg, while resistance is observed around Rs 162.00/kg. The latest assessment is aligned with support and stands Rs 2.00/kg below resistance. Indian IPA prices remain positive over the fortnightly and six-month periods, although the weekly change is negative. Procurement teams can use the supplied support, resistance and range markers to compare supplier quotations, review stock coverage and assess current delivered costs without extending the available data into forecasts. IPA, Isopropyl Alcohol, Chemical Prices, Market Weakness, Weekly Decline, Petrochemicals.
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