#recentdecline

POM prices have stabilized in the Delhi market this week, with the current assessment holding at Rs 238.00/kg. Indian POM prices are unchanged from the previous week, although the product has declined by Rs 7.00/kg over the past fortnight. The month-on-month movement is softer by Rs 2.00/kg, showing that recent price activity has remained controlled after the earlier drop. The present level is positioned near the lower end of recent trading, while the annual high stands at Rs 245.00/kg and the low at Rs 160.00/kg.

The three-month view shows limited movement, with the product remaining close to Rs 240.00/kg. Over six months, the market has gained Rs 75.00/kg, showing a clear recovery from earlier lows. On a year-on-year basis, POM is higher by Rs 53.00/kg. Support is placed around Rs 225.00/kg, while resistance is identified near Rs 245.00/kg. Indian POM prices remain useful for procurement teams assessing near-term stability and wider market recovery. POM prices in India continue to show a steady Delhi benchmark after recent fluctuations, POM, Market Steady, Recent Decline, Chemical Market, Trade Update, Price Trend. 

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HDPE prices in Hyderabad are currently stable, reflecting a consistent market structure over recent weeks. Indian HDPE prices are holding at Rs 165.00/kg, unchanged week-on-week and over the past fortnight, indicating limited volatility and steady buying patterns in the domestic market.

Looking at the broader trend, the market has eased slightly over the past month with a decline of Rs 4/kg from Rs 169.00/kg. Despite this minor correction, the overall trajectory remains strong, with a sharp increase of Rs 64.00/kg compared to three months ago. Year-on-year performance also remains robust, with prices higher by Rs 66.50/kg. The yearly range between Rs 94.00/kg and Rs 169.00/kg highlights the significant recovery and consolidation phase currently underway. Indian HDPE prices continue to move within a stable band, suggesting balanced fundamentals.

From a technical perspective, support is visible at Rs 165.00/kg, while resistance remains near Rs 169.00/kg. HDPE prices in India are expected to stay within this defined range given the current supply-demand equilibrium. Indian HDPE prices continue to reflect stability with limited short-term fluctuations, HDPE, Market Stability, Recent Decline, Price Correction, Petrochemicals, Stable Trend.

Read the full verified update on IndianPetrochem.com.