PELLEX Remains Stable at INR 6,600/WMT
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PELLEX remains unchanged at INR 6,600/wmt (DAP Raipur). No pellet deal in Raipur was heard to be concluded in this publishing window.
-- Raigarh based pellet makers offer at INR 5,700-5,800 (Ex-plant). Few Raipur based sponge makers are eyeing to book pellets from Raigarh lower by INR 200-300/MT than current levels.
-- SteelMint P-DRI Assessment (Mar 17, 2020) has down to three-months low and also fallen sharply by INR 1,300/MT W-o-W to INR 17,200/MT (Ex-plant) against INR 18,500/MT last week.
No pellet export deal was concluded in this publishing window. However, SteelMint assessment for Fe 64% grade pellets with 3% Al stands at around USD 116-117/MT, CFR China.
India pellet deals from other regions-:
-- Raigarh based pellet makers sold around 10,000 MT pellet in the local Raigarh at INR 5,700-5800 /MT (Ex-plant) yesterday.
-- Odisha based pellet makers sold around 10,000 MT pellet to Raigarh at INR 5,700/MT (Ex-plant) in the last two-three days.
-- Bellary based pellet maker sold around 10,000 MT pellet in the local market at around INR 6,800-6,850/MT (Ex-plant) in this week.
SteelMint pellet reference prices as on 17th Mar'20
City | Grade (Fe %) | Basic Prices in INR/MT |
Durgapur | 63 | 6,200-6,300 |
Barbil* | 63 | 6,100-6,300 |
Jamshedpur | 63 | 5,700-5,800 |
Bellary | 63 | 6,800-6,900 |
Jajpur | 63 | 6,825 |
Kandla** | 63 | 8,500 |
**delivered
* Loaded to wagon
Prices (GST extra) mentioned for min 1000 MT qty booking on advance payment basis
Source: SteelMint Research
Click here to see SteelMint Pricing Methodology and Rationale documents.
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