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India: NMDC Rolls Over Pellet Offer from Karnataka for Sept'19

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Pellets

BigMint Bureau

651 Reads

6 Sep 2019, 11:16 IST

India: NMDC Rolls Over Pellet Offer from Karnataka for Sept'19

South India (Karnataka) based - NMDC Donimalai pellet plant has kept offers unchanged at INR 6,000/MT in line with last offers (FoT basis).

Current offers are on FoT basis for Fe 64% pellets for a quantity of 44,000 MT on advance payment basis. The price validity is till 15th Sept'19. Rake loading can be arranged at an extra cost of INR 105/MT (including GST).

Bellary merchant pellet makers have depicted stability in prices at INR 6,200-6,300/MT W-o-W. Trades remained on the lower side in the Bellary region. One of the pellet major pellet maker has taken maintenance shut down till 20th Sept and another pellet maker is expected to take maintenance shut down soon.

NMDC Ltd is operating 1.2 MnT pa capacity pellet plant located at Donimalai, Karnataka.

West India (Rajasthan) based pellet maker - Jindal SAW increased pellet (Fe 63%) offers by INR 300/MT for the week. Current offers are at INR 7,800/MT (delivered Kandla) as against INR 7,500/MT last week.