Indian Monostearin prices
Monostearin prices edged lower this week, declining by Rs 2/kg to Rs 178.00/kg. The slight drop comes after a strong upward movement over the past month, where Indian Monostearin prices increased by Rs 13/kg, indicating sustained demand strength despite short-term corrections.
Prices have gradually softened from Rs 183.00/kg two weeks ago and Rs 180.00/kg earlier this week, reflecting minor adjustments. However, Indian Monostearin prices remain well above earlier levels, with a three-month increase of Rs 33/kg and a six-month gain of Rs 11/kg. Monostearin prices in India are currently trading closer to the lower end of recent activity, with highs around Rs 195.00/kg and lows near Rs 145.00/kg.
The market continues to demonstrate stability with small daily fluctuations, offering a predictable environment for procurement planning. Resistance remains near Rs 180.00/kg, while support is seen at Rs 165.00/kg, Monostearin, Monostearin Prices, Mild Correction, Stable Trend, Chemical Market, Market Adjustment.
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