Market softens after holding firm through April
SBS LG411 weakened this week after several sessions of elevated domestic trading near recent highs. Indian SBS LG411 prices in the Delhi market settled at Rs 280/kg on 11 May against Rs 310/kg recorded a week earlier. The latest movement pulled the market away from the recent Rs 320/kg peak zone reached during earlier sessions. Trading conditions also reflected wider day-to-day fluctuations compared with the steadier tone observed through April, with market participants closely monitoring whether stability returns near current levels.
Fortnight comparisons nevertheless remained positive, with current values still above the Rs 270/kg level recorded during late April. Indian SBS LG411 prices also continued to trade ahead of the Rs 240/kg range seen around 30 days ago and significantly above the February benchmark near Rs 205/kg. Six-month comparisons reflected firmer broader conditions than the earlier Rs 200/kg range observed during November. SBS LG411 prices in India therefore continued to indicate a strong longer-term recovery despite the latest weekly decline. Current trading levels remained closer to the upper side of the historical range than the lows near Rs 185/kg recorded during earlier periods, while support remained visible near Rs 270/kg and resistance near Rs 320/kg,Market Softens, April Market, Market Trend, Price Movement, Trading Update.
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