#commoditymarket

Ribbed Smoked Sheet (RSS) gave back the gains achieved during its brief late-June recovery, with prices moving lower over the latest fortnight. The domestic assessment closed at Rs 225/kg on 10 July after slipping Rs 5/kg over the past week and Rs 11/kg from the recent high. Indian Ribbed Smoked Sheet (RSS) prices have therefore returned toward levels seen before the temporary recovery, while day-to-day movements have remained relatively steady.

The market spent much of late June near Rs 230/kg before rising to Rs 236/kg at the beginning of July. That advance proved temporary as values softened first to Rs 230/kg and then to the latest level of Rs 225/kg. Over the broader monthly period, trading has remained within a relatively narrow range despite the recent decline. Indian Ribbed Smoked Sheet (RSS) prices continue to indicate an orderly domestic market without wide daily swings, while Ribbed Smoked Sheet (RSS) prices in India remain close to the lower end of the current trading range. Current reference levels place support near Rs 225/kg and resistance around Rs 236/kg.

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Natural Latex recorded a softer weekly performance, giving back gains achieved during the previous trading sessions. Indian Natural Latex prices settled at Rs 228/kg in the Ahmedabad domestic market on 10 July, down Rs 12/kg from Rs 240/kg a week earlier. The decline follows a brief period of stronger trading that had lifted values toward recent highs before the market eased back. Despite the larger weekly adjustment, most daily movements remained moderate, highlighting an orderly correction.

The latest assessment also places prices below the Rs 245/kg recorded one month ago, although they remain above Rs 212/kg seen three months earlier. Longer-term comparisons continue to show improvement over Rs 112/kg six months ago and Rs 115/kg during the same period last year. During the past three months, the domestic market has traded between Rs 212/kg and Rs 257/kg, with current values positioned within that established range rather than setting a new trend. Indian Natural Latex prices continue to trade above recent lows despite the latest pullback, while Natural Latex prices in India remain supported by the broader recovery visible over recent months. Support stands near Rs 212/kg and resistance is observed around Rs 257/kg.

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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.

Read the full verified update on IndianPetrochem.com.