Market slips from highs but retains broader strength
Precipitated Silica retreated during the latest week after trading near recent highs through much of June. Prices settled at Rs 118/kg on 25 June, down from Rs 130/kg a week earlier. The Rs 12/kg decline follows a prolonged period of stability and represents the most noticeable adjustment seen in recent sessions.
Even with the latest correction, Indian Precipitated Silica prices remain above levels recorded a month ago. Monthly comparisons show a gain of Rs 4/kg, while prices are higher by Rs 29/kg over three months and Rs 32/kg over six months. Year-on-year assessments continue to show strength, with values up Rs 45/kg compared with the same period last year.
Recent trading activity expanded significantly compared with conditions seen earlier in the year. Values advanced toward a high near Rs 130/kg before easing lower. The lower end of the recent trading range was close to Rs 70/kg. Current assessments therefore remain well above longer-term lows despite the latest decline. Indian Precipitated Silica prices continue to reflect gains accumulated over several months of stronger market performance. Buyers and sellers tracking Precipitated Silica prices in India are observing a market that remains above earlier-quarter benchmarks even after recent profit-taking and correction activity,Market Update, Commodity Markets, Price Trend, Market Watch, Weekly Dip, Market Strength.
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