India: Bellary pellet prices inch down in recent trade

Bellary iron ore pellet (Fe 63%) prices have dropped to INR 12,600/t as against INR 13,000/t assessed on 22 Oct’21.

• Confirmed deals of 2,000 t were recorded at INR 12,500/t exw.
• P-DRI prices fell to INR 33,700/t exw against INR 35,800/t assessed on 22 Oct.
• As per market participants, falling bids have resulted in the lowering of pellet offers.