Weekly decline interrupts recent stability
Ribbed Smoked Sheet (RSS) eased this week after holding steady through recent trading sessions, with prices slipping Rs 6/kg to Rs 230/kg from Rs 236/kg a week earlier. Indian RSS prices therefore moved away from recent highs and returned closer to the lower end of the established trading range.
The latest assessment follows a fortnight characterised by limited day-to-day movement, making this week's adjustment the first notable weekly change after several unchanged assessments. The available data does not include month, three-month or six-month comparisons, so the latest weekly movement provides the primary benchmark for evaluating current market conditions. Support remains near Rs 230/kg, while resistance is visible around Rs 236/kg, highlighting the recent trading band. Indian RSS prices continue to reflect orderly domestic trading with comparatively modest volatility despite the latest correction, and RSS prices in India remain within a clearly defined recent range rather than showing broad directional shifts.
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