#mumbaimarket

Glycerine in the Mumbai domestic market recorded another weekly decline, closing at Rs 150.00/kg against Rs 155.00/kg last week. The Rs 5.00/kg weekly fall follows a broader downward trend from the previous month. Indian Glycerine prices have also slipped from Rs 158.00/kg two weeks ago, showing an Rs 8.00/kg fortnight decline. The latest movement places the product near an important short-term support level, with trading activity reflecting a cautious market tone.

The monthly comparison shows a sharper adjustment, with prices down Rs 22.00/kg over the past month. In the three-month frame, Glycerine had remained steady at Rs 155.00/kg, showing limited volatility before the current decline. The six-month comparison is different, as prices are still higher by Rs 29.00/kg from Rs 121.00/kg. The yearly range remains wide, with the highest level at Rs 185.00/kg and the lowest at Rs 104.00/kg. Current support is indicated around Rs 150.00/kg, while resistance may be observed at Rs 155.00/kg. Glycerine prices in India are therefore being assessed against recent declines, monthly weakness, and wider historical movement. Indian Glycerine prices remain relevant for procurement teams monitoring Mumbai market adjustments, Glycerine, Mumbai Market, Chemical Prices, Market Weakness, Petrochemicals, Commodity Trading.

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The Mumbai market for Formic Acid recorded another modest decline this week, with prices easing to Rs 53.50/kg. The latest movement follows a gradual softening trend that has been visible over recent weeks. Indian Formic Acid prices have declined by Rs 0.50/kg from the previous week and by Rs 3.50/kg over the past fortnight.

Monthly comparisons show a decrease of Rs 4.50/kg, confirming the broader downward movement seen during recent trading. Despite this weakness, the market remains above the level recorded three months ago. The current price is Rs 4.00/kg higher than the three-month benchmark of Rs 49.50/kg. On a six-month basis, however, the market remains lower by Rs 6.50/kg compared with Rs 60.00/kg. Support is currently identified around Rs 49.50/kg, while resistance is seen near Rs 58.00/kg. Formic Acid prices in India continue to move within a defined range, offering procurement teams useful visibility into current market conditions. Indian Formic Acid prices remain influenced by recent corrections, although trading activity appears relatively stable near current levels, Formic Acid, Mumbai Market, Chemical Prices, Petrochemicals, Market Weakness, Commodity Trading.

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SAN prices in Mumbai registered a sharp weekly increase, with the latest assessment moving to Rs 225.00/kg from Rs 216.00/kg. Indian SAN prices rose by Rs 9.00/kg during the week, maintaining the broader upward trend seen over the past month. The latest price also represents the highest level recorded during the past year, underlining the firm tone in the domestic market.

The three-month comparison shows an increase of Rs 31.00/kg, while the six-month movement shows a larger rise of Rs 71.00/kg. Year on year, SAN has gained Rs 80.00/kg from Rs 145.00/kg. The lowest price recorded over the past year was Rs 135.00/kg, while the current Rs 225.00/kg level is the recent high. SAN prices in India are being monitored around Rs 225.00/kg on the upper side and Rs 216.00/kg as the nearest support level. Indian SAN prices continue to reflect stable recent trading after the latest rise, SAN, Mumbai Market, Price Gains, Market Strength, Chemical Market, Trade Update.

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PET prices in Mumbai held steady this week at Rs 134.00/kg on June 9, 2026. Indian PET prices showed no change from the previous week, maintaining stability after a period of upward movement. The latest level remains near the recent high of Rs 138.00/kg, which was reached three months ago.

On a monthly basis, PET is higher by Rs 2.00/kg, showing resilience in the recent market structure. The six-month comparison shows a larger gain of Rs 36.00/kg, while the year-on-year increase stands at Rs 66.00/kg from Rs 68.00/kg. PET prices in India are currently moving within a defined range, with support around Rs 132.00/kg and resistance near Rs 138.00/kg. The current Rs 134.00/kg level reflects steady trading, with no major weekly fluctuation reported. Indian PET prices continue to remain within the recent consolidation zone after the broader rise seen over the past six months,PET, Mumbai Market, Steady Market, Current Level, Chemical Market, Trade Update PET, Mumbai Market, Steady Market, Current Level, Chemical Market, Trade Update.

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HDPE prices in Mumbai moved higher this week, with the market gaining Rs 1.00/kg to reach Rs 158.00/kg. Indian HDPE prices have now risen Rs 2.00/kg over the past month, showing a steady but moderate upward trend. The latest weekly movement follows a similar short-term direction, as the product is also up Rs 2.00/kg compared with two weeks ago. The current price remains close to the lower end of recent trading, even as the market has shown resilience after earlier fluctuations.

The monthly trend reflects a gain of Rs 2.00/kg, while the three-month comparison shows a decline of Rs 2.00/kg from Rs 160.00/kg. Over six months, however, the market has increased sharply by Rs 64.00/kg from Rs 94.00/kg. The year-on-year gain is Rs 66.00/kg from Rs 92.00/kg last year. Recent trading has fluctuated between Rs 156.00/kg and Rs 175.00/kg, with support around Rs 156.00/kg and resistance near Rs 160.00/kg. Indian HDPE prices remain within a defined band, and HDPE prices in India continue to show short-term stability despite wider historical movement, HDPE, Mumbai Market, Slight Gain, Firm Trend, Chemical Market, Trade Update.

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Melamine prices in Mumbai declined this week, with the market closing at Rs 123.00/kg on June 4, 2026. Indian Melamine prices were down Rs 2.00/kg from the previous week’s Rs 125.00/kg level, continuing the softer tone seen over the past month. The product has fallen Rs 31.00/kg from Rs 154.00/kg one month earlier, while the fortnightly comparison shows a sharper drop of Rs 17.00/kg. This recent movement highlights significant volatility in domestic trading.

The broader view shows a mixed structure. Over three months, prices have increased by Rs 37.00/kg from earlier lows around Rs 86.00/kg. The six-month comparison shows a larger gain of Rs 51.00/kg, indicating recovery from the lows recorded late last year. However, the latest price remains close to the lower end of recent trading after a high of Rs 158.00/kg earlier this year. Support is observed around Rs 120.00/kg, while resistance is seen near Rs 125.00/kg. Indian Melamine prices continue to reflect both recent weakness and earlier recovery, while Melamine prices in India remain sensitive to short-term market adjustments, Melamine, Mumbai Market, Market Slip, Recent Volatility, Chemical Market, Trade Update.

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POM continued to strengthen in Mumbai, with the latest weekly assessment showing a clear Rs 7.00/kg rise. Indian POM prices reached Rs 236.00/kg this week, compared with Rs 229.00/kg last week. The increase continues the positive trend seen over the past month and places the product near its one-year high. The current movement also reflects a firm domestic market, with the product showing strong gains across several comparison periods.

The three-month comparison shows POM up by Rs 26.00/kg, while the six-month view indicates a larger Rs 72.00/kg rise. On a year-on-year basis, the product is higher by Rs 58.00/kg compared with the same week last year. POM prices in India are now close to the upper end of the yearly range, with the reported high at Rs 236.00/kg and the low at Rs 161.00/kg. Recent trading has remained relatively stable, with limited volatility noted. Key support is identified around Rs 230.00/kg, while resistance is placed near Rs 236.00/kg. For procurement teams, these levels provide useful reference points for tracking short-term market movement. Indian POM prices remain supported by the current upward structure, POM, Mumbai Market, Upward Movement, Chemical Market, Price Rise, Trade Update.

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PU strengthened in Mumbai this week, with the latest market update showing a Rs 8.00/kg increase. Indian PU prices closed at Rs 260.00/kg, while the one-month comparison shows the same level, indicating stability after earlier fluctuations. The current weekly rise places the market above the lower levels seen six months earlier and keeps the product near its reported resistance point.

The broader comparison shows mixed but important reference points. Over three months, PU has declined by Rs 18.00/kg from a recent high near Rs 278.00/kg. At the same time, the current level is well above the six-month low of Rs 193.00/kg, showing a substantial recovery in the domestic market. Year-on-year, PU is higher by Rs 74.00/kg compared with Rs 186.00/kg in the same period last year. PU prices in India have therefore remained firm in the annual comparison while showing a decline against the three-month anchor. Recent trading has shown limited volatility, with most movements remaining small and the market offering clearer reference points for buyers. Support is seen around Rs 252.00/kg, while resistance is noted at Rs 260.00/kg. Indian PU prices continue to be tracked around these levels for short-term procurement review, PU, Mumbai Market, Market Gains, Chemical Market, Price Rise, Trade Update.

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