India: Pellet prices in Raipur drop by INR 400/t ($5/t) post-OMC auction
Raipur-based pellet makers reduced their Fe63% (+/_0.5%) offers on 21 Nov by INR 400/t ($5/t) to INR 9,000-9,100/t ($107-108/t) exw after yesterday's OMC iron ore auction, where bids (weighted average) dropped INR 300/t ($4/t) against Oct'24. GPIL lowered Fe63.5% and Fe65.5% offers to INR 9,600/t ($114/t) and INR 10,800/t ($128/t) exw. Sponge PDRI in Raipur fell INR 550/t ($7/t) w-o-w to INR 25,200/t ($298/t) exw.