- Buyers make only need-based bookings
- South African RB2 coal prices stable today
Indian sponge iron prices edged down today by INR 100-500/tonne (t) in major locations amid limited demand.
PDRI market prices closed at a range of INR 25,600-27,800/t and CDRI prices, at INR 28,150-33,500/t.
South African RB2 coal prices remained stable today. Non-coking RB2 (5500 NAR), exw-Gangavaram, stood at INR 10,200/t ($122/t).
Limited trading activity was reported, as buyers had already placed enough orders yesterday. So, they came forward for only need-based bookings.
Only 6,800 t of sponge iron transactions were recorded in the country on Friday compared to 27,200 t on 13 June.
Rationale –
Prices have been derived based on transactions, offers, bids and indicative price data sets. Transactions are considered as T1 and given a weightage of 50% whereas other data sets are considered as T2 and given a weightage of the balance 50%.
Click for detailed methodology
T1 – Trade, T2 – Offer/Bid/Indicative
