Tag: Pellet market outlook India

India: PELLEX edges down by INR 100/t ($1/t) as sellers reduce offers

May 12, 2026

—

by

Adarsh Sahu

in Pellets

Sluggish downstream demand prompts INR 200/t cut in sellers’ offers Competitive Odisha offers, subdued exports exert downward pressure PELLEX, BigMint’s bi-weekly domestic pellet (Fe 63%) index for Raipur, fell by INR 100/t ($1/t) to 9,900/t ($103/t) DAP on 12 May (Tuesday) compared to 8 May. BigMint recorded deals for around 30,000 t, concluded at INR…