Indian POM Prices

POM held unchanged at Rs 246.00/kg in Mumbai this week, keeping the assessment at the same level as the preceding week. Indian POM prices have therefore entered a period of weekly consolidation after gaining Rs 4.00/kg during the past month. The current assessment is situated near the one-year high, giving buyers and sellers a clear indication of its position within the recent trading range.
Across the broader comparison periods, POM has increased by Rs 11.00/kg over three months and Rs 12.00/kg over six months. The year-on-year movement is substantially wider, with the latest assessment standing Rs 84.00/kg above the corresponding level last year. These figures show that the unchanged weekly reading follows gains across every longer comparison supplied in the market update.
Support is identified near Rs 235.00/kg, while resistance is placed around the prevailing Rs 246.00/kg assessment. Indian POM prices are consequently positioned at the upper reference level, with an Rs 11.00/kg interval separating resistance from support. POM prices in India can be tracked against these verified weekly, monthly, quarterly, half-yearly and annual anchors when assessing quotations or planning procurement. The data indicate stability over one week while retaining a firm position over the longer recorded periods. No unsupported reason is assigned to the movement, ensuring that the update remains focused on observable price changes and established market levels. POM, Stable Market, Monthly Gain, Three-Month Gain, Six-Month Gain, Annual Gain
Read the full verified update on IndianPetrochem.com.