Delhi Polypropylene market stays steady near recent high
Polypropylene trading in Delhi remained stable this week, with the current rate holding at Rs 141.00/kg. Indian Polypropylene prices showed no change from the previous week, keeping the market within a steady trading range. The weekly stability comes after a broader rise over the past month, showing that recent gains have been retained without fresh volatility in the latest assessment.
The product has increased Rs 6.00/kg over the month, while the six-month comparison shows a stronger rise of Rs 39.00/kg from Rs 102.00/kg. On a year-on-year basis, the rate is up Rs 48.00/kg from Rs 93.00/kg, marking a substantial recovery from last year’s level. Polypropylene prices in India are currently positioned near the recent high of Rs 141.00/kg, with resistance also observed around the same level. Support is identified near Rs 135.00/kg, providing a reference point for procurement monitoring. Indian Polypropylene prices continue to reflect a firm trading environment, with market participants maintaining positions around current levels and limited week-on-week movement reported.
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