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India: PELLEX edges down by INR 100/t ($1/t) as sellers reduce offers

Source: BigMint May 14, 2026 08:30
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Sluggish downstream demand prompts INR 200/t cut in sellers' offers. Competitive Odisha offers, subdued exports exert downward pressure
ELLEX, bi-weekly domestic pellet (Fe 63%) index for Raipur, fell by INR 100/t ($1/t) to 9,900/t ($103/t) DAP on 12 May (Tuesday) compared to 8 May. BigMint recorded deals for around 30,000 t, concluded at INR 9,700-9,800/t ($101-102/t) exw-Raipur by local pellet producers. The decline was driven by a

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