Ribbed Smoked Sheet returns to earlier trading levels
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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