PELLEX Remains Unchanged in Recent Trade
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PELLEX stable at INR 6,700/wmt (DAP Raipur) in a recent deal. One of the Pellet makers from Raipur concluded around 10,000 MT pellet deal at INR 6,600-6,700/MT (Ex-plant) normalizing for freight to Raipur at INR 6,750-6,850/MT (DAP, Raipur) 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 are offering pellets at INR 5,800-6,000/MT (Ex-plant) normalizing for freight to Raipur at INR 6,450-6,650MT (DAP Raipur).
No firm offer from Jharsuguda based pellet maker was reported.
SteelMint P-DRI Assessment (Feb 25, 2020) stable W-o-W to INR 18,650/MT (Ex-plant) against INR 18,700/MT last week.
NMDC (C.G.) iron ore rake movement for C.G based plants has come down sharply. As per data maintained with SteelMint, 15 rakes (0.06 MnT) rakes were dispatched to CG units (till 24th Feb'20) as against 59 (0.23 MnT) rakes in the same time frame last month.
Eastern India based pellet maker has concluded a pellet export deal for 50,000 MT of Fe 64% grade pellets with 3% Al at USD 120/MT, CFR China for March loading.
India Pellet Trades-:
-- Bellary based major pellet maker sold around 35,000 MT pellets in a week at INR 7,100-7,200/MT (Ex-plant) in the last couple of days.
SteelMint pellet reference prices as on 25th Feb'2020
| City | Grade (Fe %) | Basic Prices in INR/MT |
| Durgapur | 63 | 6300-6,400 |
| Barbil* | 63 | 6,100-6,200 |
| Jamshedpur | 63 | 6,000-6,100 |
| Bellary | 63 | 7,100-7,200 |
| Jajpur | 63 | 6,950 |
* Loaded to wagon
Prices (GST extra) mentioned for min 1000 MT qty booking on advance payment basis
Source: SteelMint Research
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