Indian PET Prices

PET in Ahmedabad is currently assessed at Rs 124.00/kg, unchanged from the previous week after softer movement across longer short-term comparisons. Indian PET prices are Rs 1.00/kg below the level recorded two weeks ago and Rs 3.00/kg lower than one month earlier. The latest weekly reading therefore represents stability at the current level rather than a reversal of the recent decline.
Across the three-month period, PET has fallen by Rs 12.00/kg from Rs 136.00/kg. The six-month comparison also remains negative, with the current assessment Rs 8.00/kg lower. The year-on-year picture is different: PET is Rs 25.00/kg above the Rs 99.00/kg level recorded during the corresponding period last year. Indian PET prices thus remain higher on an annual comparison even though the latest month, three-month and six-month readings show declines.
Support is identified around Rs 124.00/kg, which coincides with the latest Ahmedabad assessment, while resistance is noted at approximately Rs 127.00/kg. PET prices in India can be evaluated against these levels when procurement teams compare supplier quotations and recent transaction references. The Rs 3.00/kg distance between the current assessment and the stated resistance level provides a concise measure of the present market structure. Available data indicate limited weekly movement while preserving the weaker trend across the recent month and medium-term comparisons. PET, Polyethylene Terephthalate, Weekly Stable, Fortnightly Decline, Three-Month Decline, Six-Month Decline
Read the full verified update on IndianPetrochem.com.