Indian Stearic Acid prices
Stearic Acid prices in Delhi have continued their downward trend, with a weekly drop of Rs 7/kg bringing the price to Rs 138/kg. The consistent decline over recent weeks reflects cautious buying sentiment and gradual adjustment to lower levels. Indian Stearic Acid prices are showing a clear correction phase after earlier gains.
The past month has seen continuous weekly reductions, reversing the earlier bullish trend where prices had risen significantly over three months. Despite the recent fall, the three-month gain of Rs 26/kg and six-month rise of Rs 21/kg highlight that overall price levels remain elevated. Indian Stearic Acid prices are currently stabilizing as the market adjusts to this new range. In the context of Stearic Acid prices in India, the annual range between Rs 112/kg and Rs 145/kg provides key reference points for market participants.
Support at Rs 138/kg and resistance at Rs 145/kg define the current trading band, with volatility remaining relatively controlled, Stearic Acid, Stearic Acid Prices, Steady Decline, Cautious Trading, Petrochemicals, Downtrend. Read the full verified update on IndianPetrochem.com.
