Phenol drifts lower within an orderly range
Phenol markets have shown a softer tone over the past fortnight, with prices easing steadily rather than abruptly. Indian Phenol prices were last assessed at Rs 80.00/kg, down Rs 2.00/kg from a week earlier. Although daily movements remained small, the cumulative weekly decline has been enough to shift values toward the lower end of recent trading.
The fortnight comparison highlights a consistent easing trend, while the month view also reflects a gentler tone compared with early-month levels. Trading earlier in the period saw prices near a recent high around Rs 83/kg, before slipping closer to Rs 80/kg. Despite the decline, market conditions remained calm and orderly, with no sharp intraday swings reported. Support is observed near Rs 80/kg, while resistance stands around Rs 83/kg, defining a clear operating range. Indian Phenol prices therefore continue to move within well-defined boundaries, helping buyers track changes without heightened volatility. Phenol prices in India are currently closer to the lower end of this range, underscoring the recent softness. With no broader six-month or year-on-year data available, the current focus remains on short-term stability around prevailing levels, Phenol Prices, Chemical Market, Aromatics Industry, Price Drift Lower, Orderly Range, Supply Demand, Petrochemical Market, Commodity Trends, Industry Update, Market News.
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