BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

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BigMint's daily trade sheet - 01 Oct'24

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Concentrates

BigMint Bureau

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3 Oct 2024, 12:56 IST

BigMint's weekly iron ore concentrate index stood at INR 4,200/t ($50/t) ex-works, up by INR 300/t ($4/t) compared to the last assessment on 28 September 2024.

BigMint's bi-weekly domestic pellet (Fe63%) index increased by INR 700/t ($8/t) to INR 9,800/t ($117/t) DAP Raipur on 1 October 2024 compared to the last assessment on 27 September. A deal of 78,000 t of pellets was recorded at INR 9,500-9,950/t ($110-119/t) DAP Raipur in this publishing window.

Sponge iron prices in India showed mixed trends today, rising by INR 50-600/tonne (t) across various regions. PDRI prices closed within a range of INR 26,900-28,100/t. On the other hand, CDRI prices were assessed at INR 28,300-32,000/t. A total of only 5,450 t of sponge iron deals were recorded as compared to 30,220 t on 30 September.

The following sheet summarises confirmed trades/offers of iron and steel products collected by BigMint to help our users keep track of day-to-day trade dynamics.