#postrallydip

Diethylene Glycol Monobutyl Ether has entered a short-term correction phase after reaching recent highs, reflecting a shift in near-term market sentiment. The product declined to Rs 190.00/kg this week from Rs 200.00/kg, although Indian Diethylene Glycol Monobutyl Ether prices remain elevated compared to fortnight levels of Rs 185.00/kg.

The monthly trend continues to highlight strong upward movement, with a gain of Rs 30.00/kg from Rs 160.00/kg. Over a three-month horizon, prices have surged by Rs 65.00/kg from Rs 125.00/kg, underscoring sustained demand and supply-side firmness. The observed trading range between Rs 125.00/kg and Rs 200.00/kg reflects notable volatility in Indian Diethylene Glycol Monobutyl Ether prices. Current Diethylene Glycol Monobutyl Ether prices in India are consolidating near support at Rs 185.00/kg, with resistance holding at Rs 200.00/kg, indicating a pause rather than a reversal, Market Correction, Post Rally Dip, Price Adjustment, Sharp Rally, Chemical Market, Trend Pause.

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Methyl methacrylate prices witnessed a sharp correction this week, reversing the upward trend seen over the past month. Indian Methyl Methacrylate prices declined by Rs 25.00/kg to Rs 215.00/kg in Kandla, down from Rs 240.00/kg last week. This drop offsets the earlier monthly gain of Rs 10.00/kg and signals a shift in short-term market direction.

Looking at broader trends, the market had been on a strong upward trajectory. Prices rose by Rs 92.00/kg over the last three months and by Rs 105.00/kg over six months, highlighting sustained bullish momentum before the recent correction. The recent peak near Rs 250.00/kg reflects the upper end of trading activity prior to this decline. Indian Methyl Methacrylate prices are now aligned near support at Rs 215.00/kg, while resistance is observed at Rs 240.00/kg. Methyl Methacrylate prices in India are currently trading closer to the lower band of recent activity, indicating increased volatility.

The sudden price movement marks a transition phase in the market, where participants may reassess procurement timing and inventory strategies based on evolving price levels, Methyl Methacrylate, MMA Prices, Market Correction, Post Rally Dip, Chemical Market, Price Adjustment.

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Liquid Alkali saw a notable correction this week, ending a period of relatively steady trading and bringing the market back toward the lower side of its recent band. The latest domestic level stands at Rs 26.00/kg compared with Rs 30.00/kg just four days ago, representing a sharp weekly fall of Rs 4.00/kg. Indian Liquid Alkali prices have also declined by Rs 3.00/kg over the last fortnight, showing that downward pressure has built up over the recent trading cycle. Despite this weakness, the current level remains Rs 4.00/kg above the one-month mark of Rs 22.00/kg, which means part of the earlier recovery is still intact.

Looking further back, the market continues to show moderate strength over longer durations. Prices are up Rs 2.00/kg over three months from Rs 24.00/kg and up Rs 9.00/kg over six months from Rs 17.00/kg. Support is currently seen near Rs 22.00/kg, while resistance remains around Rs 30.00/kg, leaving the market in a defined and measurable range. Indian Liquid Alkali prices therefore present a softer immediate picture without erasing the broader gains accumulated over recent months. For market participants evaluating Liquid Alkali prices in India, the latest movement suggests caution in the short term, but not a collapse in the larger domestic recovery pattern, Domestic Market, Price Correction, Post Rally Dip, Market Adjustment, Chemical Market, Trend Reversal.

Read the full verified update on IndianPetrochem.com.