TEG edges higher as controlled trading continues
TEG has edged up in the latest assessment, reinforcing a steady and measured market structure. Triethylene Glycol was assessed at Rs 128/kg on 23 December, up Rs 3/kg on the week. Indian TEG prices have therefore shown modest firmness without introducing sharp swings, keeping recent trading behaviour consistent with the calm tone seen through much of the quarter. Short-term comparisons underline the gradual nature of the move. On a fortnight basis, prices are Rs 3/kg higher than Rs 125/kg, while the month view shows a Rs 4/kg increase from Rs 124/kg in late November. These gains remain incremental rather than abrupt. In contrast, the three- month comparison still reflects some softness, with prices Rs 7/kg lower than the Rs 135/kg marker, highlighting that the broader quarter remains mixed. Recent trading boundaries help frame current conditions. Over the past three months, TEG has traded between a high near Rs 135/kg and a low around Rs 124/kg, indicating a relatively narrow and contained range. The latest assessment sits close to the middle of this band, consistent with a market moving in small steps. Longer-term views remain constructive, with prices Rs 28/kg higher than six months ago and Rs 36/kg above year-ago levels. Indian TEG prices thus remain supported on a longer horizon, while TEG prices in India continue to be guided by support near Rs 124/kg and resistance around Rs 135/kg.
