Weekly decline keeps values below earlier quarter levels
PBR 1220 recorded another weaker week in the domestic market, extending the downtrend that has been visible over recent assessments. Indian PBR 1220 prices closed at Rs 268/kg on 4 June, down Rs 20/kg from the previous week.
The latest movement places the market below levels seen through much of May and continues a broader decline from Rs 300/kg recorded around one month earlier. Indian PBR 1220 prices have moved lower in stages rather than through abrupt corrections, allowing market participants to monitor a clear trend. Historical comparisons show a recent high around Rs 350/kg and a lower reference point near Rs 152/kg. PBR 1220 prices in India remain positioned between these levels while trading below earlier-year strength.
Support remains visible near Rs 152/kg while resistance is observed around Rs 350/kg. Indian PBR 1220 prices continue to reflect a softer market structure compared with previous quarters,Weekly Decline, Market Update, Price Correction, Commodity Market, Market Trend.
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