Extending the firmness, ingot prices advanced week-on-week, but remained stable to weak on January 16 as compared to the previous day, a compilation of price movements revealed.
On w-o-w basis, prices in almost all the markets showed a firmed trend with gains ranging between Rs 150 and Rs 425, though a weak trend was witnessed in Kolkata where prices fell by Rs 800 per ton.
However, prices softened in almost all the markets on January 16 as compared to January 15 levels, indicating the firmness might not continue this week, sources said.
Following table gives indicative prices of Ingot in various markets during the past seven days:
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
16-Jan-16 |
15-Jan-16 |
9-Jan-16 |
|
MANDI GOVINDGARH |
23,625 |
23,800 |
23,200 |
ALANG |
- |
23,500 |
- |
BHILAI |
22,250 |
22,450 |
21,950 |
GOA |
21,450 |
21,450 |
- |
INDORE |
27,800 |
28,000 |
28,000 |
MUZAFFAR NAGAR |
23,600 |
23,600 |
23,200 |
DURGAPUR |
24,400 |
25,000 |
24,200 |
MUMBAI |
22,750 |
22,700 |
22,600 |
HYDERABAD |
22,750 |
22,750 |
- |
JAIPUR |
22,700 |
23,300 |
23,000 |
KOLKATA |
24,700 |
25,300 |
24,500 |
RAIGARH |
20,800 |
20,900 |
20,700 |
RAIPUR |
20,800 |
21,100 |
20,650 |
ROURKELA |
20,500 |
20,500 |
20,500 |
GHAZIABAD |
23,400 |
23,500 |
23,100 |
KANPUR |
23,000 |
23,500 |
- |
LUDHIANA |
23,700 |
24,000 |
23,700 |
Source: Compilation from various sources & ISMW data