#commoditymarket

Carbon Black moved lower this week as the market surrendered part of its recent recovery. Indian Carbon Black prices settled at Rs 160/kg in the Delhi market on 9 July, marking a weekly decline of Rs 10/kg from the previous assessment. The latest movement followed a brief period of firmer trading before values returned to levels last seen at the beginning of the month. Trading activity remained orderly despite the correction.

Recent comparisons show a mixed but relatively stable pattern. Prices remain below Rs 174/kg recorded two weeks ago and slightly under the Rs 168/kg level seen around one month earlier. Compared with early April, current values continue to trail the Rs 190/kg level, while remaining well above the Rs 109/kg recorded during the same period last year. Trading during the recent quarter has largely stayed within the Rs 160/kg to Rs 190/kg band, indicating measured market behaviour. Indian Carbon Black prices continue to move within this established range, while Carbon Black prices in India have shown short-lived advances followed by equally modest corrections instead of extended trends.

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SBS LG411 recorded a positive weekly movement during the latest assessment period, providing some recovery after a softer phase through May. Indian SBS LG411 prices closed at Rs 249/kg on 8 June, compared with Rs 244/kg a week earlier. The increase helps reverse part of the recent decline and moves the market away from lower trading levels established during the correction.

Despite the weekly improvement, the market remains below levels seen earlier in the recent cycle. Current values are Rs 13/kg lower than a fortnight ago and Rs 41/kg below levels recorded one month earlier. Prices had previously traded near a recent high around Rs 298/kg before easing toward the lower end of the range near Rs 182/kg. Longer-term comparisons continue to show a stronger underlying position, with gains of Rs 67/kg over three months and Rs 58/kg over six months.

Indian SBS LG411 prices remain above levels recorded earlier in the year despite the recent correction. Volatility has moderated in recent sessions, with daily trading becoming more contained than during the earlier decline. SBS LG411 prices in India now provide a useful benchmark for monitoring whether the latest recovery can be sustained within the existing trading range. Market participants continue to assess current values against recent support and resistance markers,Price Trend, Weekly Gain, Market Update, Commodity Market, Market Recovery, Trading Update.

Read the full verified update on IndianPetrochem.com.