Domestic POM market resets after giving up early gains
POM values in the Indian domestic market have shifted lower over the past fortnight, reversing earlier strength and bringing prices back toward recent lows. The product was assessed at Rs 162/kg this week, down Rs 7/kg from the previous week, and now trades below early-month levels. This move reflects a clear change in short-term market positioning rather than a temporary fluctuation.
From a monthly perspective, Indian POM prices have retreated from highs seen around Rs 174/kg, with the past four weeks marked by a steady easing trend. Day-to-day movements remained moderate, suggesting controlled adjustments rather than disorderly selling. Indian POM prices are currently positioned close to the lower end of the recent trading range, reinforcing the view that earlier support levels have weakened.
Volatility widened slightly as prices shifted lower, but overall trading conditions stayed stable. The lowest level observed over the past month was near Rs 162/kg, which is also where the market stands now. Support is identified around Rs 160/kg, while resistance is seen near Rs 170/kg, providing clear reference points for short-term market evaluation. POM prices in India at these levels indicate a recalibration of procurement expectations around a softer baseline,Domestic POM Market, Engineering Plastics, Polymer Industry, Price Reset, Market Correction, Supply Demand Balance, Plastics Market, Chemical Industry, Commodity Update, Industry News.
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