SBS moves back to recent peak levels
SBS has added Rs 6/kg this week and returned to the recent high near Rs 254/kg after several sessions of unchanged pricing. The domestic market remained steady through most of the review period before the latest upward adjustment lifted prices back to the top of the recent range.
Indian SBS prices closed at Rs 254/kg on 3 July, up from Rs 248/kg a week earlier. The move extends the month-on-month improvement, with the product trading Rs 9/kg above the Rs 245/kg level seen a month ago. Over a three-month comparison, prices have advanced from Rs 235/kg, indicating a broader upward trend built through measured adjustments rather than sharp swings. Compared with Rs 212/kg during the same period last year, the market remains significantly stronger.
Recent trading has stayed within a relatively narrow band despite occasional upward steps. Support is seen around Rs 245/kg, while resistance remains near Rs 254/kg. The broader historical low in the available data stands at Rs 190/kg, underlining the longer-term recovery that has taken place. For buyers and traders tracking SBS prices in India, the latest settlement places the market close to the upper end of its recent trading zone while maintaining a stable near-term profile.
Indian SBS prices continue to provide a useful reference point for procurement planning as the market trades near recent highs without showing unusually wide fluctuations.
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