India: Pellet prices in Barbil increase in recent deals

Pellet prices in Odisha’s Barbil increased this week.

• The current assessment for iron ore pellets (Fe 63%) stands at INR 10,250/t loaded on to wagon, up INR 150/t against 18 Jan’22.
• Deals for 10,000 t of pellets were recorded at INR 10,200/t during the present assessment period with offers heard even at INR 10,500/t.
• Hike in pellet export prices has boosted domestic offers.