#gainscontinue

Carbendazim closed this week at Rs 480/kg, up Rs 20/kg from the previous week and well above where the market stood a fortnight earlier. The immediate picture is one of continued firmness, with the short-term rise carrying through without interruption. Indian Carbendazim prices have therefore shifted away from the lower values seen earlier in the month and are now sitting at the recent top end.

The month view places the latest level Rs 72/kg above the Rs 408/kg seen around 30 days ago. The three-month comparison stands at Rs 428/kg, while both the six-month and year-on-year references are at Rs 430/kg. Recent trading has run from a lower point near Rs 405/kg to a current high around Rs 480/kg, which shows that the domestic market has widened upward rather than stayed confined to a narrow weekly band. That makes the latest level an important reference for near-term buying and selling discussions.

Indian Carbendazim prices are therefore stronger not only on the week, but across the month and wider comparison frames as well. Carbendazim prices in India continue to reflect a domestic market trading at the higher side of the recent spread, with stability in direction even as the total move has been large, Carbendazim, Agrochemicals, Late March, Price Rise, Gains Continue, Chemical Market. 

Read the full verified update on IndianPetrochem.com.