#pricesoftening

Heavy Soda Ash closed at Rs 29.00/kg this week, down from Rs 29.50/kg last week. Indian Heavy Soda Ash prices declined by Rs 0.50/kg, showing a small weekly reduction in the domestic market.

The product also fell by Rs 3.00/kg over the past fortnight and by Rs 5.00/kg compared with the previous month. In a three-month context, prices stayed broadly stable, easing only Rs 0.50/kg from Rs 29.50/kg. The six-month view shows a Rs 3.00/kg increase from Rs 26.00/kg, indicating a stronger level than earlier in the year. The one-year high reached Rs 43.00/kg, while the recent low stood at Rs 26.00/kg. Indian Heavy Soda Ash prices have support around Rs 29.00/kg and resistance near Rs 32.00/kg. Heavy Soda Ash prices in India remain near the lower end of recent trading, with market participants watching price stability, Heavy Soda Ash, Heavy Soda Ash Prices, Price Softening, Weekly Trend, Chemical Market, Market Adjustment.

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HDPE prices in Mumbai edged slightly lower this week, reflecting a mild correction within an otherwise stable market environment. The product declined by Rs 1.00/kg to Rs 159.00/kg, continuing the steady tone observed in recent weeks where Indian HDPE prices have remained largely unchanged in direction.

On a monthly basis, the market has shown a gradual softening trend, with prices slipping by Rs 1.00/kg. Despite this, the broader trajectory remains firmly upward, highlighted by a sharp Rs 63.00/kg increase from levels seen three months ago. This sustained rise has kept Indian HDPE prices elevated compared to historical benchmarks, even as short-term fluctuations appear limited. HDPE prices in India are currently trading near the lower end of the recent band, with resistance at Rs 175.00/kg and support at Rs 159.00/kg, suggesting a consolidation phase.

The market has experienced minimal volatility, with trading conditions stabilizing after earlier gains. Buyers are monitoring support levels closely, while sellers remain cautious near resistance zones, resulting in balanced market participation, HDPE, HDPE Prices, Price Softening, Stable Market, Polymer Market, Market Adjustment.

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Spirodiclofen prices have shown a marginal decline this week after maintaining a steady trend over the past month, reflecting a mild correction near recent highs. Indian Spirodiclofen prices moved down to Rs 1950.00/kg from Rs 1980.00/kg, marking a weekly drop of Rs 30/kg. Despite this decrease, the market continues to exhibit stability with limited fluctuations in trading activity.

Over a longer timeframe, the product maintains a firm pricing structure. Prices have increased by Rs 80/kg over the past three months, while the six-month comparison indicates a moderate gain of Rs 15/kg. The current price level remains close to the one-year high of Rs 1980.00/kg, reinforcing the overall strength in the market. Indian Spirodiclofen prices continue to reflect resilience despite recent adjustments, while Spirodiclofen prices in India remain significantly above the one-year low of Rs 1780.00/kg. This suggests that the decline is part of a controlled correction rather than a broader trend shift.

Support is identified around Rs 1900.00/kg, with resistance near Rs 1980.00/kg. The market continues to operate within a defined range, Spirodiclofen, Spirodiclofen Prices, Price Softening, Near Highs, Agrochemicals, Market Adjustment. 

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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. 

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ECH prices moved lower this week after a strong upward phase, with Indian ECH prices declining by Rs 5.00/kg to Rs 255.00/kg in the Delhi market. The drop follows a significant rally over the past month, indicating a pause as the market adjusts after rapid gains.

On a fortnight basis, prices have declined by Rs 15.00/kg, reflecting short-term correction pressure. However, the monthly trend remains robust, with a sharp increase of Rs 50.00/kg. Over the past three months, prices have surged by Rs 70.00/kg from Rs 185.00/kg, while the six-month trend shows an even stronger rise of Rs 93.00/kg from Rs 162.00/kg. Indian ECH prices continue to stay well above earlier trading levels, highlighting underlying strength. Meanwhile, ECH prices in India are currently moving within a defined range, supported at Rs 255.00/kg and encountering resistance near Rs 270.00/kg, ECH, Price Softening, Sharp Gains, Market Correction, Petrochemicals, Trend Shift.

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Formic Acid prices have moved slightly lower this week, continuing a steady downward trend in the domestic market. Indian Formic Acid prices declined by Rs 1/kg to Rs 62/kg, maintaining the easing pattern seen over recent weeks. The fortnightly drop of Rs 4/kg highlights consistent price softening.

Despite recent declines, the three-month trend shows an increase from Rs 53.50/kg, indicating prior upward movement. Over six months, prices have decreased from Rs 67/kg, reflecting a broader adjustment phase. Indian Formic Acid prices are currently near the upper resistance level of Rs 62/kg, while support is seen at Rs 49.50/kg. Formic Acid prices in India continue to trade within a stable and predictable range.

The domestic market remains calm, with limited daily fluctuations and steady trading activity, providing clarity for procurement planning, Formic Acid, Price Softening, Weekly Trend, Market Ease, Chemicals, Downtrend.

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PP prices declined this week, easing after a strong upward movement seen over the past month. Indian PP prices fell by Rs 9/kg to Rs 164/kg, indicating a short-term correction within a broader firm structure.

Despite the weekly drop, the month view remains positive, with gains of nearly Rs 59.5/kg. Over three months, prices have moved between Rs 101/kg and Rs 173/kg, creating a defined range for the domestic market. The current level sits below the recent high but remains significantly above earlier lows. Indian PP prices therefore continue to reflect underlying strength, while PP prices in India show a moderated tone following the recent decline.

Trading activity during the week was steady, with gradual adjustments rather than abrupt shifts. The domestic market maintained a stable pattern, with limited volatility and clear price visibility. Year-on-year levels remain higher, supporting the broader upward trend despite the recent softening, PP, Price Softening, Weekly Decline, Post Rally, Polymer Market, Mild Dip.

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HDPE prices recorded a modest weekly decline after a prolonged upward movement. Indian HDPE prices fell Rs 5/kg this week, indicating a mild correction while remaining near elevated levels.

The broader trend remains firm, with prices rising Rs 76/kg over the past month. Current levels are close to the recent high around Rs 175/kg, while the lower end of the range remains near Rs 91/kg. Indian HDPE prices continue to reflect stability, with limited volatility and steady trading patterns. HDPE prices in India remain within an elevated range, supporting a stable domestic market environment.

Across a three-month period, the product has gained Rs 79/kg, reinforcing the strength in the market. Year-on-year comparisons also show higher levels, placing the current trend within a wider firm cycle, HDPE, Price Softening, Near Highs, Stable Trend, Polymer Market, Mild Dip.

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