The three-month comparison shows a cumulative decrease of Rs 12.00/kg. Over six months, PET has fallen by Rs 20.00/kg from Rs 150.00/kg. These reference points place the current assessment close to the lower end of recent trading. At the same time, the market remains above last year’s corresponding price of Rs 103.00/kg, representing a year-on-year increase of Rs 27.00/kg.
Indian PET prices have traded within a broad one-year range of approximately Rs 72.00/kg to Rs 168.00/kg. The present value is substantially below the annual high but remains Rs 58.00/kg above the lowest level cited for the period. PET prices in India currently show a short- and medium-term decline alongside a positive year-on-year comparison.
Support is identified around Rs 130.00/kg, matching the latest assessment. Resistance is located near Rs 135.00/kg, the previous week’s closing level. Procurement teams can use these reference points alongside three-month and six-month changes when assessing current offers, replacement values and inventory requirements. PET, Polyethylene Terephthalate, Chemical Prices, Market Weakness, Weekly Decline, Petrochemicals.
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