PELLEX remains stable; domestic trades turn slow on dull market sentiments

PELLEX remains stable at INR 6,000/wmt (DAP Raipur) in this publishing window.

However, no pellet deal has been concluded with the increased pellet offers so far. Domestic pellet trades have slightly moved down on limited trades in the sponge market.

Pellets offer from Raipur and nearby location-

-- Raipur based pellet offers stable at INR 6,000/MT( Ex-plant); normalizing for freight to Raipur at INR 6,150/MT (DAP Raipur).

-- Raigarh based pellet makers offer have remained stable at INR 5,600-5,700/MT (Ex-plant) in this window of Index. However, no deal has been concluded yet.

Deals from other regions-:

-- Bellary based pellet makers have sold around 15,000 MT pellets at around INR 6,000-6,200/MT (Ex-plant) in the last two-three days.

-- Jamshedpur pellet maker has concluded around 8,000 MT pellet deal at around INR 5,300-5,400/MT (Ex-plant) recently.

In the mid of this week, a Raipur based major pellet maker had concluded a pellet export deal for around 55,000 MT (low Alumina) at around USD 117/MT CFR, China in this publishing window.

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