Recent pullback trims earlier gains
RSS3 recorded a notable correction this week after spending several sessions near recent highs. Indian RSS3 prices fell by Rs 20/kg week on week to Rs 240/kg, placing the market below levels prevailing through much of late May. The decline also matches the fortnight comparison, underlining the speed of the latest adjustment.
Despite the softer tone, longer-term comparisons continue to show substantial improvement. Prices remain above the roughly Rs 255/kg level recorded a month ago and well above the Rs 162/kg level seen three months earlier. Trading activity recently covered a broader range between approximately Rs 156/kg and Rs 270/kg. Indian RSS3 prices continue to sit comfortably above year-earlier values, providing important context for procurement and trading decisions. RSS3 prices in India remain higher than the comparable level of Rs 166/kg recorded a year ago.
Market participants are monitoring whether the latest correction develops into a period of consolidation or whether values stabilise near current levels. Indian RSS3 prices remain positioned between recent support and resistance markers while retaining a firmer longer-term profile,Recent Pullback, Market Correction, Price Adjustment, Commodity Market, Market Trend.
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