PELLEX Remains Flat in Absence of Deals

PELLEX remain stable at INR 6,700/wmt (DAP Raipur). No pellet deal was reported in this publishing window.

-- Raipur based pellet makers kept the offers stable at INR 6,700/MT( Ex-plant); normalizing for freight to Raipur at INR 6,850/MT (DAP Raipur).

-- Raigarh based pellet makers increased pellet offers to INR 6,100-6,200/MT (Ex-plant).Towards the beginning of this week pellet deal reported to Raipur based manufacturers at INR 5,800/MT (Ex-plant) normalizing for freight to Raipur at INR 6,450-6,500MT (DAP Raipur).

-- Jharsuguda based pellet maker was reported offering pellets at INR 6,000-6,100/MT (Ex-plant).

-- SteelMint P-DRI Assessment (Feb 28, 2020) down by INR 200/MT W-o-W to INR 18,400/MT (Ex-plant) against INR 18,600/MT last week.

India Pellet Trades from other region-:

-- Bellary based major pellet maker has sold around 15,000 MT pellets at INR 7,000-7,100/MT (Ex-plant) in the last two-three days.

Click here to see SteelMint Pricing Methodology and Rationale documents.

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