Trading volatility widens after recent highs
PBR 1220 extended its downward streak this week after earlier gains drove the domestic market sharply higher during April. Indian PBR 1220 prices in the Mumbai market settled at Rs 292/kg on 11 May, down from Rs 340/kg a week earlier. The latest correction followed a strong upward phase that pushed values close to Rs 350/kg before momentum weakened. Trading sessions during the past fortnight reflected wider volatility than the comparatively stable tone seen earlier, with values shifting lower in stages before stabilising near current levels.
Month-on-month comparisons still showed stronger domestic trade, with current values remaining above the Rs 245/kg range recorded around 30 days earlier. Indian PBR 1220 prices also continued to hold significantly above the February baseline near Rs 150/kg and the six-month reference near Rs 169/kg. PBR 1220 prices in India therefore retained a stronger broader structure even after the recent retreat from peak levels. Recent trading activity fluctuated between Rs 290/kg and Rs 340/kg before the market settled close to present assessments. Support remained visible near Rs 290/kg, while resistance stayed around Rs 350/kg as market participants monitored short-term direction and stability across domestic trade conditions,Trading Volatility, Market Highs, Price Fluctuation, Market Trend, Trading Update, Commodity Market.
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