#tradingrange

Carbon Black N220 remained under mild pressure during the latest week, but market movements were considerably smaller than those seen during earlier corrections. Indian Carbon Black N220 prices closed at Rs 165/kg on 4 June compared with Rs 168/kg one week earlier. The weekly decline was limited to Rs 3/kg, reflecting a steadier market tone and reduced day-to-day volatility. Over a fortnight, values moved lower by Rs 7/kg, maintaining the broader softening trend while suggesting increasing stability near current levels.

Monthly data shows prices easing from Rs 172/kg to Rs 165/kg. The market remains below levels recorded through much of May, although recent sessions indicate slower movement and tighter trading conditions. Indian Carbon Black N220 prices continue to trade within a broad historical range marked by a recent high near Rs 190/kg and a lower benchmark near Rs 84/kg. Carbon Black N220 prices in India are therefore positioned closer to the lower end of the range, while recent activity suggests that price discovery is taking place within a narrower band. A further review of Indian Carbon Black N220 prices highlights calmer market behavior compared with earlier periods of adjustment and fewer significant fluctuations across the week,Price Stability, Trading Range, Market Consolidation, Commodity Market, Price Trend, Market Update.

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PP prices in Mumbai closed unchanged this week at Rs 134.00/kg, reflecting stable domestic trading conditions after a prolonged correction phase. Indian PP prices have recently entered a consolidation zone following substantial declines from earlier peaks recorded during the quarter. Market participants continue to monitor downstream demand patterns and buying interest while maintaining cautious procurement activity across western India.

The current market level is Rs 4.00/kg lower than last month and Rs 33.00/kg below the price recorded three months ago. Despite the recent weakness, the six-month comparison still indicates a strong recovery from Rs 91.00/kg. On a year-on-year basis, prices remain higher than the Rs 94.00/kg reported during the corresponding period last year. The annual trading band has ranged between Rs 88.00/kg and Rs 168.00/kg, highlighting significant volatility in the domestic polymer segment. Indian PP prices are currently moving within key support and resistance levels of Rs 134.00/kg and Rs 138.00/kg respectively. PP prices in India continue to reflect stable spot market conditions with limited weekly fluctuations and balanced trading sentiment among buyers and suppliers, PP, Polypropylene, Price Stability, Trading Range, Petrochemicals. Read the full verified update on IndianPetrochem.com.

Phenol prices recorded only a limited weekly correction this week, suggesting that the domestic market may be finding temporary balance after the sharp declines seen during the previous month. Indian Phenol prices settled at Rs 143.00/kg, down Rs 1.00/kg from last week. The product also moved lower by Rs 5.00/kg over the past fortnight and remained substantially below levels recorded a month ago. Trading activity stayed relatively controlled during the week, with buyers and distributors maintaining cautious procurement positions amid uncertainty over near-term demand conditions.

Monthly comparisons still highlight the broader correction in the market, with prices lower by Rs 52.00/kg compared to the previous month. However, longer-term trends remain comparatively positive, as values have risen by Rs 62.50/kg during the last three months and by Rs 56.00/kg over six months. Support is currently visible near Rs 140.00/kg, while resistance remains around Rs 150.00/kg. Indian Phenol prices continue to show signs of consolidation after retreating from earlier highs near Rs 195.00/kg. Traders monitoring Phenol prices in India are assessing whether the market can maintain stability around the present range during the coming weeks, Phenol, Stable Market, Trading Range, Weekly Trend, Chemical Market.

Read the full verified update on IndianPetrochem.com.