Market News Today

In Indore, wheat is priced between Rs. 2350-2500/quintal, while maize prices in Chhindwara range from Rs. 2150-2220/quintal.

Premium Hard Coking Coal (HCC) at Hay Point, Australia: $245 per metric ton (FOB). HCC 64 Mid Vol at Hay Point, Australia: $209 per metric ton (FOB).

India's steel industry saw varied dynamics with fluctuating demand and pricing. Primary producers saw prices rise, while the secondary market lagged behind. Overall, the sector experienced a dynamic landscape with notable fluctuations.

In Junagadh, the coriander market is reported to be steady. Badami variety is priced between Rs. 6500-6800/quintal, eagle variety commands a price range of Rs. 6900-7100/quintal, eagle plus at Rs. 7200-7400/quintal and scooter variety is priced between Rs. 7700-7900/quintal.

In the Mumbai market, toor prices maintained their stability, with lemon toor holding at Rs. 11200/quintal, Sudan toor at Rs. 11700/quintal, red Kolkata toor at Rs. 10000/quintal, and Babati toor at Rs. 10700/quintal.

Price stability noted in South India ferrous scrap market. Demand and supply stay consistent amidst minimal fluctuations. Kazakhstan extends its metal scrap export ban for six months, aiming to address domestic scrap shortages. Anticipated a subdued transactional activity due to a banking holiday and elections.

Due to a holiday, south Indian markets are closed today. Teja variety is priced between Rs. 130-200/kg. 334 variety at Rs. 90-160/kg and 5531 variety fluctuated between Rs. 90-140/kg.

LME copper prices, yesterday, closed at $9,865/ton, down by 0.42%. Today, LME copper trading is closed due to a weekly holiday. The most active SHFE 2404 Copper contract, yesterday, settled at 80,830 yuan/ton.

In the retail market, barrel-packed MDC rates have also seen an increase of Rs.0.5/kg. Prices now stand at Rs.35/kg ++ Ex Dahej, Rs.36/kg ++ Ex Ahmedabad, Rs.39/kg ++ Ex Mumbai, Rs.38/kg ++ Ex Hyderabad, and Rs.39/kg ++ Ex Chennai, with a 60-day credit term.