SBS slips modestly from recent trading highs
SBS recorded a modest weekly decline after remaining stable through several consecutive trading sessions. Indian SBS prices settled at Rs 268/kg on 7 July, down Rs 3/kg from the previous week's assessment of Rs 271/kg. The latest change interrupted a prolonged period of steady domestic pricing but did not significantly alter the broader market structure. Day-to-day fluctuations remained limited, indicating a relatively calm trading environment for buyers and sellers.
Looking across the month, prices largely maintained the gains achieved during late June before easing slightly during the latest assessment. Trading continued within a narrow band between approximately Rs 265/kg and Rs 271/kg, demonstrating restrained volatility rather than wide market swings. Indian SBS prices therefore remained close to recent highs despite the weekly decline. Support continued near Rs 265/kg while resistance remained around Rs 271/kg, offering practical reference levels for monitoring SBS prices in India as market participants evaluate future domestic movements.
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