SBS LG411 moves sharply higher in weekly trade
SBS LG411 prices have moved decisively higher this week, breaking out from the relatively narrow range that defined earlier April trading. Indian SBS LG411 prices surged by Rs 80/kg to reach Rs 320/kg in the Delhi market, compared with Rs 240/kg a week earlier. The move stands out due to its magnitude, especially after a phase where daily price changes remained limited and controlled.
Looking at the broader trend, the fortnight comparison shows a rise of Rs 78/kg from Rs 242/kg, while the monthly trajectory reflects a steady climb from around Rs 223/kg. The market has transitioned from low-volatility movement to wider weekly swings, indicating a clear shift in price behaviour. Indian SBS LG411 prices are now positioned at the upper band of the recent range, with resistance forming near Rs 320/kg and support seen around Rs 290/kg. Within this structure, SBS LG411 prices in India are demonstrating stronger momentum, with the recent breakout setting a higher baseline for short-term tracking.
The shift from a contained pattern to a more active trading band highlights changing weekly dynamics for market participants monitoring procurement cycles,SBS, LG411, Petrochemicals, Polymer Prices, Market Update, Weekly Trend, Price Surge, Elastomers.
Read the full verified update on IndianPetrochem.com.