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Absence of Trade Keep's PELLEX Unchanged

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Pellets

BigMint Bureau

810 Reads

31 Jan 2020, 18:54 IST

Absence of Trade Keep's PELLEX Unchanged

PELLEX stable at INR 7,150/wmt (DAP Raipur). No pellet deals heard from Raipur pellet makers in this publishing window. However, market participants expected pellet offers may be come down soon.

Major Raipur based pellet makers kept the offers stable at INR 7,400/MT( Ex-plant); normalizing for freight to Raipur at INR 7,550/MT (DAP Raipur). There are market Indication that offers may revise soon.

Raigarh based pellet makers offer unchanged at INR 6,400- 6,600/MT (EXW). Jharsuguda based pellet maker is also at the same level INR 6,400-6,500/MT (EXW).

SteelMint P-DRI Assessment (Jan 31, 2020) down by INR 300/MT W-o-W to INR 19,400/MT as against INR 19,700/MT (Ex-Raipur) a week before.

No pellets export deal heard in this publishing window. Global iron ore fines (Fe 62%) prices have come down sharply by USD 10/MT to USD 83/MT. SteelMint assessment for standard grade pellets (Fe 64%, 3% Al) stands at USD 120-122/MT, CFR China down by USD 3/MT against last week.

Click here to see SteelMint Pricing Methodology and Rationale documents.

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