Tight trading range follows earlier gains in Delhi
SBS moved into a narrow holding pattern this week after posting a stronger rise earlier in the month. Indian SBS prices for SBS LG Chem LG411 in Delhi were assessed at Rs 240/kg on April 17, unchanged from a week earlier. That flat weekly reading came after the grade had already climbed above earlier reference levels. During the last eight trading sessions, values mostly stayed between Rs 240/kg and Rs 242/kg before slipping by Rs 2/kg on the latest day. Even with that minor retreat, the fortnight comparison remained positive, with the grade up Rs 17/kg from Rs 223/kg on April 3.
Longer-period comparisons showed that the market continued to hold a firmer base despite the latest consolidation. SBS was assessed at Rs 208/kg on March 18, leaving the month-on-month gain at Rs 32/kg. On a three-month comparison, the latest level was Rs 46/kg above Rs 194/kg on January 17. Against Rs 197/kg on October 18, the six-month increase came to Rs 43/kg, while the year-on-year rise was Rs 51/kg from Rs 189/kg on April 17, 2025. Over the past month, the trading band ran from Rs 208/kg to Rs 242/kg, keeping the current value near the upper end of recent movement. SBS prices in India therefore remained stable after a firm climb, while Indian SBS prices stayed slightly below the earlier three- and six-month peak of Rs 248/kg, Delhi Markets, Tight Trading Range, Earlier Gains, Market Update, Equity Markets, Trading Session
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