Pellet (Fe63%) prices in Bellary, Karnataka dipped by INR 100/t ($1/t) to INR 9,800/t ($118/t) exw on 2 Aug’24 compared to 30 Jul’24 amid aggressive deals at lower prices. Around 49,000 t of deals were recorded at INR 9,600-9,900/t in this publishing window. Seasonal demand was witnessed as major buyers in the region preferred raw pellet against iron ore in the rainy season.
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