PELLEX Down by INR 350/MT

PELLEX (DAP Raipur), 63.5% Fe down by INR 350/MT to INR 7,150/wmt.

No pellet deals heard from Raipur pellet makers in this publishing window. However, a pellet deal has been concluded by Raipur based sponge manufacturer from outside Raipur based pellet maker at INR 7,100/MT (DAP Raipur). The quantity of deal could not be confirmed at the time of publishing the report.

Major Raipur based pellet makers kept the offers stable at INR 7,400/MT( Explant); normalizing for freight to Raipur at INR 7,550/MT (DAP Raipur). One major Raipur pellet maker has closed its sales for now

Raigarh based pellet makers offer at INR 6,600- 6,800/MT (EXW) down against INR 7,000-7,200/MT (EXW) towards beginning of the week.

One of the pellet makers from Odisha concluded pellet export deal for 55,000 MT (Fe 64%, with 3% Al) at around USD 126-127/MT, CFR China for Feb end shipment.

Indian pellet trade log

1. A Jamshedpur based pellet maker concluded about 15,000 MT pellet deal at INR 6,300/MT (EXW) yesterday.

2. Raigarh based pellet maker sold around 10,000MT pellets at INR 6,500-6,600/MT (EXW).

3. Bellary based pellet makers sold 3,000 MT pellets at around INR 7,000/MT (EXW).

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