Jindal SAW has dropped pellet (Fe63%) offers by INR 300/t ($4/t) to INR 12,500/t ($150/t) DAP Kandla recently. The buyers booked 10,000 t pellets at new offers. The sluggish domestic market sentiment and downtrend in the overseas market drove the pellet prices in Kandla. Notably, total pellet sales were recorded at 387,800 t in Q3FY24, down by 3% q-o-q against 400,000 t in the previous quarter.
