Extending a firm trend witnessed over past few days, pig iron prices remained largely stable in major markets on January 5, but spurted sharply in Jalandhar on reduced arrival, market sources said.
Earlier on January 5, prices remained stable in Batala, but firmed up in Ludhiana on low availability of ready stock.
With a number of producers of pig iron facing financial crunch and output on the lower side, there appears to be demand-supply mismatch in select markets, a source said.
Following table gives indicative prices of pig iron in various markets:
Name of Place |
Price Rs/ton 6.6.16 |
Price Rs/ton 5.6.16 |
Batala |
23300 |
23000 |
Jalandhar |
23100 |
22200 |
Ludhiana |
23500 |
23500 |
Hyderabad |
NA |
NA |
Gaziabad |
25000 |
25000 |
Source: Traders