NOTE: No news updates over January 24-30 due to the Chinese New Year holiday. Happy CNY!

Indian pellet market remains active with 140,000mt deals

Indian domestic pellet market remained active with aggressive bookings taking place primarily from central and western India.
-Deals of 55,000 -60,000 MT pellets reported from Raipur market at INR 5,900-6,000/MT(Ex-Raipur); normalizing for freight to Raipur at INR 6,050-6,150/MT (DAP Raipur). The deal was concluded to Raipur & Chandrapur. -P-DRI price in Raipur have increased W-o-W by INR 600-800/MT to INR 16,900-17,100/MT (basic) compared to INR 16,300/MT a week ago. -A Raigarh based pellet maker concluded


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