The product is Rs 2.00/kg below the Rs 133.00/kg assessment recorded one month earlier. Over three months, PET has declined by Rs 1.00/kg. The six-month comparison is more pronounced, with the latest price Rs 9.00/kg below the earlier level of Rs 140.00/kg. These reference points show that the market remains near the lower end of its recent trading structure.
Indian PET prices continue to show a positive year-on-year comparison. The current Rs 131.00/kg assessment is Rs 30.00/kg above the corresponding level recorded one year ago. PET prices in India therefore remain stronger annually despite the reductions seen across the monthly, quarterly and half-year periods.
Support is observed around Rs 130.00/kg, while resistance is identified near Rs 136.00/kg. Procurement teams can use this range to compare supplier quotations, review replacement costs and assess short-term purchasing requirements. With the current assessment only Rs 1.00/kg above support, buyers can closely benchmark any variation in spot offers against the latest domestic market structure. PET, Polyethylene Terephthalate, Chemical Prices, Stable Market, Petrochemicals, Weekly Update.
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