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 - 22 May'24

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Concentrates

BigMint Bureau

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23 May 2024, 11:11 IST

BigMint's weekly iron ore concentrate index stood at INR 4,700/t ($56/t) exw, up by INR 100/t ($1/t) as against the last assessment on 18 May. Iron ore concentrate prices in Jabalpur, central India, witnessed an increase this week.

BigMint's assessments on 21 May revealed a substantial w-o-w decrease of INR 6,300-7,900/t ($76-$95/t) for grade 60-14 silico manganese. The domestic silico manganese market witnessed a counterintuitive price correction this week, exhibiting a significant downward trend that defies recent market expectations.

BigMint's India pellet (Fe 63%, 3% Al) export index (FOB east coast) increased w-o-w by around $6/tonne (t) to $109/t on 22 May 2024. Seaborne prices of Indian premium material recovered following improved market fundamentals in the Chinese steel market.

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