IEX thrived when there was excess production and power generation companies were fighting to sell the electricity. The exchange market will have big volumes only when the power generated is in excess of demand or atleast matches the demand.
Now the power is getting expensive due to increase in coal prices. The buyers are entering into long term contracts with sellers to offset the prices impact.
In my opinion IEX will see good days once the raw material prices cools off or new capacity comes online. We should wait for the appropriate time.
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