#sharprally

Diethylene Glycol Monobutyl Ether has entered a short-term correction phase after reaching recent highs, reflecting a shift in near-term market sentiment. The product declined to Rs 190.00/kg this week from Rs 200.00/kg, although Indian Diethylene Glycol Monobutyl Ether prices remain elevated compared to fortnight levels of Rs 185.00/kg.

The monthly trend continues to highlight strong upward movement, with a gain of Rs 30.00/kg from Rs 160.00/kg. Over a three-month horizon, prices have surged by Rs 65.00/kg from Rs 125.00/kg, underscoring sustained demand and supply-side firmness. The observed trading range between Rs 125.00/kg and Rs 200.00/kg reflects notable volatility in Indian Diethylene Glycol Monobutyl Ether prices. Current Diethylene Glycol Monobutyl Ether prices in India are consolidating near support at Rs 185.00/kg, with resistance holding at Rs 200.00/kg, indicating a pause rather than a reversal, Market Correction, Post Rally Dip, Price Adjustment, Sharp Rally, Chemical Market, Trend Pause.

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Maleic anhydride prices have eased this week by Rs 3/kg, signaling a mild correction following a strong upward trend. Indian Maleic Anhydride prices are now at Rs 121/kg, reflecting a pause in momentum after recent gains. The market remains active, with participants evaluating the sustainability of earlier increases.

Despite the weekly and fortnightly declines, the product has gained significantly over the past month, rising by Rs 31/kg. Indian Maleic Anhydride prices have also surged by Rs 40.50/kg over three months and Rs 32/kg over six months, reinforcing the strong recovery trajectory. These movements indicate a market that has undergone rapid expansion before entering a consolidation phase.

The price range has been notably wide, with highs near Rs 125/kg and lows around Rs 76/kg, demonstrating earlier volatility. Maleic Anhydride prices in India are now stabilizing around Rs 121/kg, with support identified near Rs 90/kg.

This stabilization phase provides a clearer framework for buyers and traders to assess procurement timing and inventory strategies, Maleic Anhydride, Price Adjustment, Sharp Rally, Market Correction, Petrochemicals, Trend Shift.

Read the full verified update on IndianPetrochem.com.

NBA prices moved lower this week after a strong upward run, with Indian NBA prices declining by Rs 6.00/kg to settle at Rs 140.00/kg. The correction follows a recent peak of Rs 155.00/kg and reflects a cooling phase after rapid gains in the past few weeks.

On a fortnightly basis, the market has dropped by Rs 10.00/kg, while the monthly trend still shows a solid increase of Rs 20.00/kg. Over a broader timeframe, NBA has demonstrated strong recovery momentum, rising by Rs 65.50/kg over the past three months from Rs 74.50/kg. The six-month trend also remains positive, with prices increasing by Rs 56.00/kg. Indian NBA prices continue to remain significantly above earlier levels, indicating sustained strength despite the recent correction. Meanwhile, NBA prices in India are currently fluctuating within a defined range, with support at Rs 130.00/kg and resistance around Rs 150.00/kg, NBA, Price Retreat, Sharp Rally, Market Correction, Chemicals, Downtrend.

Read the full verified update on IndianPetrochem.com.

Diethylene Glycol prices in Hazira surged by Rs 11.00/kg this week, reaching Rs 90.50/kg and marking a significant upward move. The strong weekly and fortnightly gains highlight a dynamic market environment with active trading. Indian Diethylene Glycol prices have shown remarkable strength, driven by rapid price escalation and increased market participation.

On a monthly basis, prices have jumped by Rs 45.00/kg, doubling from Rs 45.50/kg. The three-month trend shows a gain of Rs 49.00/kg, while six-month comparisons indicate sustained upward movement. Indian Diethylene Glycol prices continue to reflect high volatility, with support at Rs 75.00/kg and resistance at Rs 90.50/kg. Diethylene Glycol prices in India remain elevated, with significant fluctuations making it a key commodity for close monitoring, DEG Market, Diethylene Glycol, Sharp Rally, Weekly Gains, Petrochemicals, Market Momentum.

Read the full verified update on IndianPetrochem.com.