Trading range narrows after recent correction

SBS LG411 trading softened this week after domestic values retreated from recent highs near Rs 320/kg. Indian SBS LG411 prices in the Delhi market closed at Rs 280/kg on 11 May, compared with Rs 310/kg recorded a week earlier. The latest movement interrupted a stronger upward stretch that had supported domestic trade through most of April. Volatility widened moderately during recent sessions as prices eased from elevated levels before stabilising near the current range. Procurement participants continued monitoring whether support around Rs 270/kg remains stable during the present trading cycle.
Longer-term comparisons nevertheless continued to reflect stronger market conditions than earlier in the year. Indian SBS LG411 prices remained above the Rs 270/kg level recorded during late April and ahead of the Rs 240/kg range seen around 30 days earlier. Current values also stayed significantly above the February benchmark near Rs 205/kg and the six-month range near Rs 200/kg. SBS LG411 prices in India therefore continued to reflect a firm broader recovery structure despite the latest weekly decline. Resistance remained visible near Rs 320/kg as market participants tracked short-term movement, domestic volatility, and overall stability conditions across active trading sessions.
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