#npg

NPG recorded a sharp increase in Mumbai, rising Rs 20.00/kg in four days to reach Rs 140.00/kg from Rs 120.00/kg. Indian NPG prices have reversed the immediate weekly direction after a fortnightly decline of Rs 5.00/kg. The speed of the latest gain is notable, but the wider data show that the product has not yet recovered all of its losses over the past month and three months.

The current price remains Rs 12.00/kg below the monthly reference and Rs 15.00/kg below the three-month level of Rs 155.00/kg. Indian NPG prices nevertheless remain Rs 25.00/kg higher than the Rs 115.00/kg quotation recorded six months ago. The comparison shows a positive longer-term position despite the medium-term decline.

Recent quotations have moved within a broad range between Rs 115.00/kg and Rs 155.00/kg. Support is identified around Rs 120.00/kg, while resistance is noted near Rs 145.00/kg. At Rs 140.00/kg, the market is positioned Rs 5.00/kg below that stated resistance and Rs 20.00/kg above the stated support.

Indian NPG prices currently combine a strong short-term gain with negative monthly and three-month comparisons. Procurement teams can use the Rs 120.00/kg support, Rs 145.00/kg resistance and Rs 155.00/kg three-month reference to benchmark supplier offers and monitor changes within the established trading range. NPG, Neopentyl Glycol, Chemical Prices, Weekly Recovery, Indian Petrochemicals, Mumbai Market

Read the full verified update on IndianPetrochem.com.

Robert Scott Lauder RSA (June 25, 1803 – April 21, 1869): David Octavius Hill; painting: portrait. Unknown date, but author died in 1869. oil on canvas, h/w: 77.5 x 64.1 cm (30.5 x 25.2 in). National Portrait Gallery, Accession number: NPG 5049.