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 - 3 Aug'24

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Fines/Lumps

BigMint Bureau

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5 Aug 2024, 12:49 IST

BigMint's Odisha iron ore fines (Fe 62%) index fell by INR 150/tonne (t) w-o-w to INR 4,500/t ($56/t) ex-mines on 3 August, 2024. The merchant mines concluded around 13,000 t of iron ore fines (Fe61-62%) deals at INR 4,350-4,650/t this week. Meanwhile, over 200,000 t of deals of iron ore across all grades (fines + lumps) were recorded from the Odisha region in the last one week.

BigMint's price assessment for Fe 63% iron ore concentrate stands at INR 4,000-4,100/t ($48-49/t) exw Jabalpur, down INR 100/t ($1/t) as against the last assessment on 31 Jul'24.Around 20,400 t of deals were reported in this publishing window at INR 4,000-4,100/t ($48-49/t) exw.

Mill scale prices in Kandla fell by INR 50/t to INR 6,750/t exw on 3 Aug'24 against 31 Jul. Around 6,800 t of mill scale deals concluded at INR 6,500-7,000/t DAP Kandla.Prices in Raipur remained stable at INR 6,900/t exw on 3 Aug. Deals of 3,000 t concluded at INR 6,800-6,900/t exw Raipur.

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