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PELLEX Stable at INR 6,100/WMT (DAP Raipur)

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Pellets

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19 Nov 2019, 18:32 IST

PELLEX stable at INR 6,100/wmt (DAP Raipur) amid no deals. Amid pending deliveries of previous bookings, few Raipur pellet makers are not offering in the domestic market.

Raipur based pellet offers remain stable at INR 6,100/MT( Ex-plant); normalizing for freight to Raipur at INR 6,250/MT (DAP Raipur). Raigarh based pellet offers stable at INR 5,500 (Ex-plant), normalizing freight to Raipur at INR 6,150/MT (DAP Raipur). One of the pellet makers from Raigarh is not offering in the market owing to a lack of stocks.

SteelMint P-DRI Assessment (Nov 19, 2019) decreased by INR 600/MT to INR 16,400/MT (Ex-Raipur) against INR 17,000/MT a week ago. Market sentiments are reported to be weak amid limited trades.

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