#strongrally

PTMEG prices moved slightly lower this week, marking a pause after a strong upward trend observed over the past month. Indian PTMEG prices declined by Rs 2/kg to Rs 278.00/kg, reflecting cautious market sentiment following earlier gains. The decline from Rs 282.00/kg levels seen two weeks ago indicates a short-term adjustment rather than a structural shift in pricing.

Monthly performance remains firm with a Rs 19.00/kg increase, while the three-month trend highlights a steady rise of Rs 32.00/kg from Rs 246.00/kg. The market has witnessed volatility, with a peak of Rs 314.00/kg and a low of Rs 233.00/kg in recent months. Indian PTMEG prices are currently trading close to resistance at Rs 280.00/kg and supported at Rs 270.00/kg. PTMEG prices in India suggest a stable but cautious trading environment, with buyers adjusting positions amid reduced volatility and limited price swings, PTMEG, PTMEG Prices, Minor Correction, Strong Rally, Chemical Market, Price Adjustment.

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Diethylene Glycol Monobutyl Ether prices remain firm, with the market extending its upward trend this week. Prices increased by Rs 2/kg to Rs 185/kg, continuing a consistent rise observed over recent weeks. Indian Diethylene Glycol Monobutyl Ether prices have shown steady strength, supported by stable trading activity and sustained demand conditions.

Over the past fortnight, the product has gained Rs 10/kg, while the monthly increase stands at Rs 54/kg. The broader trend remains strongly positive, with a three-month rise of Rs 63/kg and a six-month surge of Rs 79/kg. Prices are currently hovering near the recent peak of Rs 185/kg, indicating a strong positioning in the domestic market. Indian Diethylene Glycol Monobutyl Ether prices continue to stay above support at Rs 175/kg, while resistance is observed around Rs 185/kg. Market participants tracking Diethylene Glycol Monobutyl Ether prices in India are noting consistent strength with limited day-to-day fluctuations, Strong Rally, Recent Highs, Market Strength, Price Momentum, Commodities, Uptrend.

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Refrigerant R404A prices in Delhi showed stability this week, holding firm at Rs 600.00/kg. Indian Refrigerant R404A prices have maintained consistency after witnessing a strong upward movement over the past month.

The product has gained Rs 75/kg compared to Rs 525.00/kg last month, while fortnightly data indicates a rise of Rs 10/kg. Over a three-month period, the same Rs 75/kg increase highlights sustained bullish sentiment. Indian Refrigerant R404A prices have traded within a defined range, with a peak of Rs 610.00/kg and a floor of Rs 500.00/kg. Current levels remain close to resistance at Rs 610.00/kg, with support at Rs 590.00/kg. Refrigerant R404A prices in India are reflecting a balanced and firm market structure with minimal volatility, R404A, Weekly Trend, Market Stability, Strong Rally, Refrigerants, Price Trend.

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MIBK market dynamics showed a slight pullback this week after a period of strong upward movement. Indian MIBK prices softened by Rs 10/kg, reflecting short-term correction as the Mumbai market settled at Rs 190.00/kg from Rs 200.00/kg previously. This comes after a notable fortnightly gain of Rs 30.00/kg, indicating active trading and price responsiveness.

Despite the weekly decline, the broader trend remains positive. Over the past month, prices have increased by Rs 72.00/kg, demonstrating solid recovery. In the three-month perspective, the product has climbed from Rs 89.00/kg to current levels, marking a sharp rise of Rs 101.00/kg. The trading range has been wide, with highs touching Rs 200.00/kg and lows at Rs 89.00/kg. Indian MIBK prices continue to reflect strong underlying demand and active participation. At the same time, MIBK prices in India remain supported by steady consumption trends.

Market participants are closely watching support at Rs 190.00/kg and resistance near Rs 200.00/kg for near-term direction, MIBK, MIBK Market, Market Correction, Strong Rally, Petrochemicals, Price Trend.

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Cyclohexanone prices saw a sharp correction this week, reversing part of the gains accumulated over the past month. Indian Cyclohexanone prices in Kandla dropped to Rs 148.00/kg, reflecting a weekly fall of Rs 22.00/kg amid shifting market dynamics.

The product had previously reached Rs 170.00/kg, showcasing strong bullish momentum before the recent decline. Over the last month, prices rose by Rs 32.00/kg from Rs 116.00/kg, indicating a firm upward trend prior to the correction. Indian Cyclohexanone prices have also increased significantly over the medium term, with gains of Rs 51.50/kg over three months and Rs 52.50/kg over six months.

Market participants are closely observing Rs 148.00/kg as a key level, while Rs 132.00/kg is considered an important lower reference point. Movements in Cyclohexanone prices in India suggest heightened volatility, requiring careful monitoring. Indian Cyclohexanone prices remain elevated despite the recent drop, reflecting underlying strength, Cyclohexanone, Cyclohexanone Market, Market Correction, Strong Rally, Petrochemicals, Price Trend.

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Acetone has extended its strong upward trend this week, with prices increasing Rs 5/kg and holding near peak levels. Indian Acetone prices reflect robust demand and sustained bullish sentiment, with Delhi prices currently at Rs 215/kg.

The recent trend has been particularly strong. Prices have surged Rs 130/kg over the past month and gained Rs 45/kg over the last fortnight. Over a three-month period, prices have risen from Rs 56/kg, marking a significant increase of Rs 159/kg. Indian Acetone prices remain supported near Rs 210/kg, with resistance at Rs 215/kg. Acetone prices in India indicate a firm market structure with minimal volatility and consistent upward movement.

Market participants are closely tracking whether prices sustain above current levels or consolidate near resistance, Acetone, Acetone Market, Strong Rally, Peak Levels, Petrochemicals, Market Strength.

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