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 - 29 May'24

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Concentrates

BigMint Bureau

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30 May 2024, 11:58 IST

BigMint's weekly iron ore concentrate index stood at INR 5,000/t ($60/t) exw, up by INR 300/t ($4/t) as against the last assessment on 25 May. The index has risen to a two-month high as similar levels were last seen in end-March, 2024. Iron ore concentrate prices in Jabalpur, central India, witnessed an increase this week.

BigMint's billet index moved up by INR 300/t at INR 44,500/t exw -Raipur on 29 May, 2024. The index edged up amid rising steel prices, especially in the northern region. Total transactions on 29 May were recorded at 1,500 t against 3,300 t on 28 May.

BigMint's India pellet (Fe 63%, 3% Al) export index (FOB east coast) remained unchanged w-o-w at $109/t on 29 May 2024. No deal was recorded from the east coast in this publishing window, as per data maintained by BigMint.

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.