There has been indiscripnate price rise in the price of BAM in Asian market. With delay in shipments from Middle East and disrupted supply has led to surging up of prices BAM in Indian market. In last two weeks CIF prices has increased by USD 110/MT in India and the new prices are hovering around USD 1250-1260/MT. There has been decline in shipments as many other units are observing maintenance during this period. Prices at Kandla port were observed at Rs.150/Kg on Thursday. Prices has increased by Rs.50/Kg in last two weeks.
