Indian PET Prices

PET is currently assessed at Rs 127.00/kg, unchanged from the previous week after declining by Rs 2.00/kg over the past fortnight. Indian PET prices have therefore paused on a weekly basis while retaining the softer tone visible in the broader comparison periods supplied. The current price provides procurement teams with a stable immediate benchmark despite the declines recorded over three-month and six-month intervals.
The three-month comparison shows PET down by Rs 5.00/kg, while prices have declined by Rs 14.00/kg from the level recorded six months earlier. Indian PET prices nevertheless remain Rs 30.00/kg above the Rs 97.00/kg assessment reported one year ago. The stated annual trading range extends from Rs 72.00/kg at the low end to Rs 168.00/kg at the high end, leaving the latest Rs 127.00/kg price between these two historical extremes.
PET prices in India can also be monitored against the support level of around Rs 125.00/kg and resistance around Rs 130.00/kg supplied in the market assessment. The latest Rs 127.00/kg level lies within this narrow reference band. For buyers and sellers, the combination of flat weekly pricing, a Rs 2.00/kg fortnightly decline and weaker three-month and six-month comparisons provides a concise framework for comparing current procurement requirements with recent market history. PET, Polyethylene Terephthalate, Weekly Stable, Fortnightly Decline, Three-Month Decline, Six-Month Decline
Read the full verified update on IndianPetrochem.com.