Gujarat: Traders report about fall of Rs 500/MT last evening and another drop by the same seen today at Kandla. Continuing low sales result for the above.
Mandi: Availability of enough stock and the need to sell it results in drop of Rs 400/MT, which is expected to happen again.
Rourkela: Sellers might wait for a couple a days and then sell below Rs 30,000/MT levels, at which buyers are ready but sellers unwilling. Market is still facing liquidity crunch.
Hyderabad: Weak buying at previous offers pulled prices down by Rs 500/MT.
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