India: Pellet prices in Barbil increase on positive export sentiment

Pellet prices in Odisha’s Barbil increased this week.

• The current assessment for iron ore pellets (Fe 63%) stands at INR 11,100/t loaded on to wagon, up INR 850/t against 21 Jan’22.
• Deals for 8,000 t of pellets were recorded at INR 11,200/t during the present assessment period.
• Hike in pellet export prices has boosted domestic offers.