Indian Monoethylene Glycol Prices

Monoethylene Glycol weakened in Mumbai this week, slipping Rs 2.50/kg to Rs 86.00/kg from Rs 88.50/kg previously. Indian Monoethylene Glycol prices have also fallen Rs 2.50/kg over the fortnight, indicating that the latest move extends the recent short-term correction. The decline follows a much stronger period of gains visible across the monthly and longer-term comparisons.
The current assessment remains Rs 12.00/kg above the Rs 74.00/kg level recorded one month ago and Rs 7.00/kg higher than the Rs 79.00/kg benchmark from three months earlier. Compared with the six-month value of Rs 46.50/kg, the increase amounts to Rs 39.50/kg. Indian Monoethylene Glycol prices have moved within a stated one-year range of Rs 46.50-94.00/kg, demonstrating the scale of movement between the annual low and high.
For market participants monitoring Monoethylene Glycol prices in India, Rs 86.00/kg is identified as the immediate support area, while Rs 94.00/kg remains the stated resistance level. The present assessment therefore sits directly around support after the weekly pullback. Procurement teams can compare the latest correction with the Rs 74.00/kg monthly reference, Rs 79.00/kg three-month reference and Rs 46.50/kg six-month baseline to gauge the extent of the broader recovery. Monoethylene Glycol, MEG, Weekly Decline, Fortnightly Decline, Monthly Gain, Six-Month Gain
Read the full verified update on IndianPetrochem.com.