Indian PP Prices

PP held at Rs 162.00/kg in Chennai during the latest week, matching the previous week's assessment and extending a period of limited short-term movement. Indian PP prices therefore remained stable on a weekly basis despite the substantially higher levels visible in longer-term comparisons. The latest assessment also leaves the market Rs 59.00/kg above the corresponding price recorded a year earlier.
The monthly comparison shows a softer picture, with PP down Rs 2.00/kg from the previous month. Over three months, however, the product has advanced Rs 16.00/kg from Rs 146.00/kg. The current Rs 162.00/kg assessment is also relatively close to the recent high of Rs 173.00/kg, while the lowest level recorded during the last year was Rs 99.00/kg. PP prices in India have consequently moved across a wide annual range despite the subdued week-on-week change now being recorded.
Recent domestic trading has shown limited volatility, giving buyers a relatively stable reference point for immediate procurement comparisons. Support is identified around Rs 160.00/kg, while resistance is placed near Rs 173.00/kg. Those markers can help purchasing teams compare current quotations with the product's recent trading boundaries and longer-term movement.
The latest Indian PP prices data therefore combines weekly stability with a much stronger three-month and year-on-year position. Polypropylene, PP, Stable Market, Chemical Prices, Weekly Update, Petrochemicals
Read the full verified update on IndianPetrochem.com.