#postcorrection

Diethylene Glycol prices have shown a mild recovery this week after witnessing sharp declines in the previous sessions. The Hazira market closed at Rs 85.75/kg, reflecting a small weekly increase of Rs 0.25/kg. Despite recent weakness, Indian Diethylene Glycol prices remain elevated compared to earlier levels, supported by strong gains recorded over the past month.

Over the last two weeks, the market corrected significantly from Rs 93.00/kg, indicating profit booking after a strong rally. However, on a monthly basis, prices are still higher by Rs 9.75/kg, suggesting underlying strength. Looking at the three-month trend, the product has surged by Rs 41.75/kg, demonstrating a strong upward trajectory from Rs 44.00/kg. Over six months, the gain stands at Rs 29.75/kg, confirming sustained recovery momentum. The broader range between Rs 0.79/kg and Rs 94.00/kg highlights the volatility cycle, while Diethylene Glycol prices in India continue to stabilise within current support and resistance levels, DEG, DEG Prices, Market Stability, Post Correction, Chemical Market, Stable Trend.

Read the full verified update on IndianPetrochem.com.

The ABS market in Mumbai has stabilized this week following a sharp correction seen over the past month. Indian ABS prices held steady at Rs 219.00/kg, reflecting a pause in movement after a significant decline from recent highs.

The recent trend highlights a drop of Rs 24.00/kg over the past month, with prices falling from Rs 243.00/kg. Despite this short-term weakness, the broader market trajectory remains positive. Over the past three months, prices have increased by Rs 69.00/kg from Rs 150.00/kg, while year-on-year gains also stand at Rs 69.00/kg. Indian ABS prices continue to demonstrate resilience over the longer term.

The yearly price range between Rs 138.00/kg and Rs 243.00/kg illustrates considerable volatility, with current levels positioned near the lower end. ABS prices in India have recently shown limited fluctuations, suggesting a consolidation phase after earlier sharp movements. Indian ABS prices are currently reflecting cautious trading sentiment with reduced volatility.

Support is seen at Rs 219.00/kg, while resistance is observed at Rs 243.00/kg, providing key reference points for traders and procurement teams, ABS, ABS Prices, Market Stability, Post Correction, Polymer Market, Stable Trend.

Read the full verified update on IndianPetrochem.com.

Toluene prices have shown stability this week, holding steady at Rs 98.00/kg after experiencing declines in recent weeks. Indian Toluene prices have softened by Rs 6.00/kg over the past fortnight and Rs 2.00/kg over the past month, indicating a period of adjustment.

Despite short-term declines, the three-month trend reflects a strong recovery with an increase of Rs 25.25/kg. Over six months, prices have risen by Rs 28.00/kg, highlighting an overall upward movement. Indian Toluene prices have traded within a broad range of Rs 61.50/kg to Rs 113.00/kg, reflecting significant volatility. Current Toluene prices in India are consolidating near support at Rs 96.00/kg and resistance at Rs 100.00/kg, suggesting a balanced market environment, Market Stability, Price Stabilization, Post Correction, Balanced Trend, Chemical Market, Stable Outlook.

Read the full verified update on IndianPetrochem.com.

What is the Direction in Post-Correction Bitcoin?

Kriptokoin.com – In Bitcoin (BTC), the highest of the year was $ 5,465 before the downward correction against the US dollar.

The price started a downward correction and traded below the support level of $ 5,200.

The 4-hour chart of the BTC / USD parity (data stream from the Kraken) was a break below a large upward trend line with $ 5,200.

The pair tested the $ 4,950 support area and seems to…