Author: Ratiram Gurjar

India: PELLEX declines INR 350/t ($3.5/t) as producers in Raipur trim offers, prices may drop further

May 1, 2026

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by

Ratiram Gurjar

in Pellets

Selling pressure leads to a drop in pellet offers Market awaits NMDC iron ore price revision for May PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, fell by INR 350/t ($3.5/t) to INR 10,050/t ($106/t) DAP on Friday compared to 27 April. BigMint recorded deals for around 70,000 t, concluded at INR 9,800-10,000/t…