PP holds firm as trading remains compressed
Domestic PP markets have entered a holding pattern, with prices showing little movement over recent assessments. Polypropylene closed the latest week at Rs 94.00/kg, unchanged from the previous week. Compared with levels seen a fortnight earlier, prices are marginally higher by around Rs 0.50/kg, but the increase has not altered the broader picture. The current environment highlights that Indian PP prices are moving within a narrow band, with limited daily volatility.
Looking at the month comparison, prices are slightly firmer than early December, when PP was trading closer to Rs 92.50/kg. This places current levels modestly above recent lows. Over a three-month horizon, however, the contrast is softer, as prices around last quarter were nearer Rs 98.50/kg. This longer-term comparison shows that while stability has returned, the broader trend has eased.
The wider trading range continues to frame market behaviour. Highs near Rs 102/kg and lows around Rs 90/kg define the current cycle. With PP now trading near the midpoint of this range, momentum appears muted. Support around Rs 90/kg and resistance near Rs 102/kg have both held without pressure, reinforcing the compressed structure. Within this setup, PP prices in India offer procurement teams a stable reference rather than directional cues, PP Prices, Polypropylene Market, Polymer Industry, Plastics Market, Firm Pricing, Compressed Trading, Supply Demand, Commodity Update, Petrochemical News, Market Trend.
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