Although the demand in Domestic market remains dull, the export market is witnessing an increased number of inquiries. Despite good inquiries, the prices dropped in the export market amidst currency fluctuations. The offers in the market are as under:
• Ex-Durgapur(60-14)- INR 62,000-62500/MT
• Ex-Raipur(60-14)- INR 62,000/MT
• FOB India (60-14)- USD 880/MT
• FOB India (65-16)- USD 970/MT
On the future outlook, the prices are expected to remain stable for the coming week. Meanwhile, the export prices are mostly dependent on the Chinese market’s comeback post-holidays.