Indian PP Prices

PP held unchanged at Rs 147.00/kg in the Delhi market this week, consolidating after a strong rise over the previous fortnight. Indian PP prices recorded no weekly movement, but the product remained Rs 11.00/kg higher on a fortnightly basis. The monthly comparison was also positive, with the prevailing price standing Rs 12.00/kg above the level seen one month earlier. The latest trading pattern combined firm short-term gains with limited week-on-week volatility, creating a stable reference for buyers, sellers, and procurement teams.
The wider trend remained mixed across different periods. PP was Rs 8.00/kg higher than three months ago, while it was Rs 7.00/kg below the level recorded six months earlier. Year-on-year performance was considerably stronger: the product gained Rs 53.50/kg from Rs 93.50/kg in the corresponding period last year. PP prices in India therefore showed significant annual appreciation even as the six-month comparison remained negative. The recent high was around Rs 175.00/kg, placing the latest price below the upper range marker. Support was observed at approximately Rs 136.00/kg, while resistance was identified at Rs 147.00/kg. Indian PP prices now reflect a market that has paused at the weekly level after notable fortnightly and monthly gains. The stated support and resistance points provide useful benchmarks for assessing current procurement discussions without extending beyond the verified market data. The unchanged weekly close also helps distinguish current stability from the gains accumulated across the preceding fortnight and month. Polypropylene, PP, Chemical Prices, Stable Market, Weekly Update, Petrochemicals.
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