PELLEX Stable at INR 5,900/WMT in Recent Deals

PELLEX stable at INR 5,900/wmt (DAP Raipur).

Deals of 7,000-8,000 MT pellets reported from Raipur market at INR 5,800/MT(Ex-Raipur); normalizing for freight to Raipur at INR 5,950/MT (DAPRaipur). These deals were concluded to Durg and Chandrapur (Maharashtra).

Raipur based pellet offers remain stable at INR 5,800/MT (Ex-plant); normalizing for freight to Raipur at INR 5,950/MT (DAP Raipur). Raigarh based pellet offers down at INR 5,400-5,500/MT (Ex-plant), normalizing freight to Raipur at INR 6,050-6,150/MT (DAP Raipur).

SteelMint P-DRI Assessment (Nov 05, 2019) increased by INR 600/MT to INR 16,300/MT (Ex-Raipur) against INR 15,700/MT a week ago.

Considering the landed cost of Lump and other factors like yield, conversion cost, etc for NMDC and Orissa; the substitute parity price for Pellet is INR 5,920/MT (DAP Raipur).

Click here to see SteelMint Pricing Methodology and Rationale documents.

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