#postpeakdecline

Butyl Cellosolve prices witnessed a sharp decline this week, continuing the correction trend seen over the past fortnight. The Hazira market is currently assessed at Rs 158.50/kg, reflecting a weekly drop of Rs 6.50/kg. Despite this recent fall, Indian Butyl Cellosolve prices remain above the levels recorded a month earlier, indicating partial resilience.

Over the past two weeks, the market has corrected significantly from Rs 196.00/kg, marking a steep decline of Rs 37.50/kg. This movement reflects profit booking after a strong upward rally. However, on a monthly basis, prices are still higher by Rs 12.50/kg from Rs 146.00/kg. Looking at the broader trend, the product has surged by Rs 71.50/kg over the past three months from Rs 87.00/kg, showcasing robust earlier gains. The sharp shift from the recent peak to current levels highlights volatility, while Butyl Cellosolve prices in India are now stabilising near defined support and resistance zones, Butyl Cellosolve, Butyl Cellosolve Prices, Downtrend, Post Peak Decline, Chemical Market, Market Weakness.

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Glycerine prices recorded a significant weekly drop, falling by Rs 32/kg and extending a broader monthly decline. The product closed at Rs 160.00/kg in Ahmedabad, reflecting a notable correction from recent highs. Indian Glycerine prices have now weakened consistently over the past month, creating a more predictable environment for buyers monitoring entry levels.

The recent fall comes after prices touched Rs 208.00/kg, marking a strong peak before the downturn. Over the last fortnight alone, the market has declined by Rs 30/kg, indicating sustained selling pressure. However, when viewed over a longer timeframe, Indian Glycerine prices still show strength, having risen Rs 45/kg over three months and Rs 39/kg over six months. Glycerine prices in India are currently positioned near support at Rs 160.00/kg, while resistance is observed at Rs 192.00/kg, framing the near-term trading range.

The market continues to show stable trading behavior despite the correction, with participants closely watching these critical levels, Glycerine, Glycerine Prices, Sharp Correction, Post Peak Decline, Chemical Market, Downtrend. 

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Monoethylene glycol prices have moved lower this week, continuing the declining trend observed over the past fortnight. Indian Monoethylene Glycol prices dropped by Rs 5.00/kg to Rs 80.00/kg in Kandla, down from Rs 85.00/kg last week. The cumulative decline of Rs 10.00/kg over two weeks and Rs 9.00/kg over the past month reflects sustained pressure following earlier gains.

Over a broader timeframe, the market has shown strong upward movement. Prices have risen by Rs 36.00/kg from Rs 44.00/kg recorded three months ago, indicating a significant recovery phase. The recent peak at Rs 93.00/kg earlier this month highlights the upper end of trading before the current correction. Indian Monoethylene Glycol prices are now aligned near support at Rs 80.00/kg, with resistance observed around Rs 85.00/kg. Monoethylene Glycol prices in India are currently trading near the lower boundary of the recent range, suggesting a phase of consolidation.

The ongoing trend reflects a stabilizing market structure, where fluctuations remain controlled and price movements are largely within defined levels, Monoethylene Glycol, MEG Prices, Market Weakness, Post Peak Decline, Chemical Market, Downtrend.

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N-Propyl Acetate has witnessed a notable price correction this week, declining by Rs 6/kg to close at Rs 113.00/kg. The movement follows a sharper drop of Rs 12/kg over the past fortnight, indicating a shift in short-term market sentiment. Indian N-Propyl Acetate prices are currently reflecting this adjustment phase, with trading activity showing signs of stabilization after recent fluctuations.

On a broader scale, the product continues to maintain strength compared to earlier periods. Prices remain significantly higher than the Rs 83.75/kg level recorded three months ago and have increased by Rs 32.25/kg over the past six months from Rs 80.75/kg. The annual range highlights volatility, with a peak of Rs 125.00/kg and a low of Rs 80.50/kg. Indian N-Propyl Acetate prices continue to operate within this wider band, with current levels positioned near the lower end of recent trading. N-Propyl Acetate prices in India are now testing support around Rs 110.00/kg, while resistance is seen near Rs 115.00/kg, N Propyl Acetate, N Propyl Acetate Prices, Market Softening, Post Peak Decline, Chemical Market, Price Correction.

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Hexane prices have declined sharply this week, reflecting a volatile trading environment. Prices in Kandla dropped by Rs 16/kg to Rs 142/kg, extending a Rs 27/kg fall over the past two weeks. Indian Hexane prices are currently under pressure, following earlier gains seen at the start of the month.

While the weekly trend is negative, the monthly view shows a modest increase of Rs 5/kg. Over three months, prices have surged by Rs 70/kg from Rs 72/kg, highlighting strong recovery from earlier lows. Indian Hexane prices continue to fluctuate between recent highs of Rs 170/kg and current levels near Rs 142/kg. Hexane prices in India remain sensitive to short-term movements, with support at Rs 137/kg and resistance at Rs 158/kg defining the range, Market Weakness, Post Peak Decline, Price Softening, Recent Highs, Chemical Market, Downtrend.

The current stability around Rs 142/kg suggests consolidation, with traders monitoring potential direction changes. 

Read the full verified update on IndianPetrochem.com.