Indian Pellet Market Week Log- 47, 2019
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Raipur based pellet offers remain stable at INR 6,100/MT( Ex-plant); normalizing for freight to Raipur at INR 6,250/MT (DAP Raipur).
Raigarh based pellet offers stable at INR 5,500 (Ex-plant), normalizing freight to Raipur at INR 6,150/MT (DAP Raipur). One of the pellet makers from Raigarh is not offering in the market owing to a lack of stocks.
Bellary based major pellet makers have concluded 10,000 MT pellet deal at INR 6,350-6,400/MT (Ex-plant) to Karnataka, Tamil Nadu, and Hyderabad steel makers. In another deal from Bellary based pellet makers sold 7,000 MT pellets at INR 6,250/MT yesterday.
Odisha (Rourkela) based pellet maker reported pellet deal for 6,000-7,000 MT at INR 5,200/MT (Loaded to the wagon) in the last two-three days in the local market.
In Durgapur, pellet prices hike to INR 5,500/MT as against last week at INR 5,400-5,500/MT. Limited deals were reported at these prices.
SteelMint pellet assessments-:
| City | Grade (Fe %) | Basic Prices in INR/MT |
| Durgapur | 63 | 5,500 |
| Jamshedpur | 63 | 5,300-5,400 |
| Barbil* | 63 | No offer |
| Raipur | 63 | 6,100 |
| Bellary | 63 | 6,300-6,400 |
| Jajpur | 64 | 6,200 |
| Kandla** | 64 | 7,900 |
**delivered
*loaded to wagons
