Spun rayon firms slightly within stable monthly range
Spun Rayon prices moved higher this week, gaining Rs 3/kg while maintaining a steady trading pattern. Indian Spun Rayon prices highlight a market that continues to operate within a controlled range, with only mild daily fluctuations observed.
Throughout April, prices have remained between Rs 265/kg and Rs 281/kg, with the latest level at Rs 278/kg. This steady progression reflects gradual strengthening rather than sharp upward movement. Indian Spun Rayon prices show consistent improvement over the fortnight, recovering from levels near Rs 275/kg, while Spun Rayon prices in India continue to stay within the established band.
The broader monthly trend indicates stability, with no significant volatility disrupting the market. Compared to earlier periods, current price action is more measured, with incremental gains replacing abrupt changes. This controlled movement suggests balanced market conditions, where supply and demand factors are maintaining equilibrium.
The price structure remains defined, with support around Rs 275/kg and resistance near Rs 281/kg. The absence of wide swings reinforces the current stable tone, making the market predictable in the short term.
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