#ppmarket

Polypropylene prices continued their downward trajectory this week, reflecting persistent pressure in the domestic market. Indian PP prices declined by Rs 6/kg to Rs 154/kg, marking a consistent fall compared to recent weeks and signaling cautious sentiment among buyers.

Over the past month, the market has corrected by Rs 19/kg, moving away from the recent peak of Rs 175/kg recorded three weeks ago. However, Indian PP prices still show strength in the medium term, with a gain of Rs 53/kg over the last three months from a low of Rs 101/kg. On a yearly basis, PP prices in India are up by Rs 56/kg, highlighting underlying volatility despite current weakness.

Market participants are closely tracking key levels around Rs 160/kg on the upside and Rs 150/kg on the downside. Stability above Rs 150/kg could provide short-term support, while any sustained movement lower may trigger further cautious buying, Polypropylene, PP Market, Downtrend, Price Decline, Petrochemicals, Market Weakness.

Read the full verified update on IndianPetrochem.com.

The Chennai PP market has posted another firm weekly move, with values rising by Rs 6.00/kg and staying close to the recent top of Rs 173.00/kg. Indian PP prices are now assessed at Rs 172.00/kg, underlining the strength that has developed over the last two weeks. The fortnightly gain stands at Rs 8.00/kg, and the latest increase keeps the market well above the lows seen earlier this year. For buyers tracking near-term replacement cost, the present range signals a clearly improved domestic trend.

The medium-term picture remains especially notable. Compared with one month ago, the market is only Rs 1.00/kg lower, but that narrow gap does not change the larger rebound. Over the past three months, values have surged by Rs 67.50/kg from Rs 104.50/kg, while year-on-year comparison shows a Rs 67.00/kg increase from Rs 105.00/kg. Indian PP prices therefore remain positioned near their recent peak, with support around Rs 166.00/kg and resistance close to Rs 173.00/kg. PP prices in India have shown moderate volatility in recent trading, suggesting a market that is rising without excessive weekly disruption. This makes the current range relevant for contract reviews, replenishment timing, and short-term inventory decisions, Polypropylene, PP Market, Chennai Market, Petrochemicals, Price Recovery, Market Strength. 

Read the full verified update on IndianPetrochem.com.

Polypropylene pricing in the domestic market closed the latest week on a stable note, supported by marginal gains but limited daily volatility. Indian PP prices ended at Rs 93.0/kg on December 22, reflecting a Rs 0.5/kg increase from the prior week. Daily settlements during the period showed minimal fluctuation, signalling a market that is holding ground rather than shifting direction sharply.

Looking at a slightly wider horizon, the fortnight comparison shows a Rs 1.0/kg rise from Rs 92.0/kg on December 8. Over the past month, the market has recovered Rs 3.0/kg from the Rs 90.0/kg level seen on November 22, which marked a recent trough. Even so, the medium-term context remains mixed. Indian PP prices remain below earlier highs, sitting Rs 5.0/kg under the Rs 98.0/kg level recorded on September 23 and Rs 6.0/kg below the Rs 99.0/kg level observed on June 25.

This positioning keeps PP near the lower end of its recent perceived trading band, with resistance evident around earlier highs. The latest movement is therefore read as consolidation rather than trend reversal. Procurement teams tracking PP prices in India may find the current phase useful for monitoring stability rather than anticipating sharp changes, PP Market, Polypropylene, Plastics Industry, Petrochemicals, Weekly Market, Market Update, Commodity Market, Price Stability.

Read the full verified update on IndianPetrochem.com.