PELLEX Stable at INR 6,700/wmt (DAP, Raipur) Amid No Trades
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PELLEX ( Fe 63.5% )stable at INR 6,700/wmt (DAP Raipur). No pellet deals heard from Raipur pellet makers in this publishing window.
Raipur based pellet makers kept the offers stable at INR 6,700/MT( Explant); normalizing for freight to Raipur at INR 6,850/MT (DAP Raipur). Raigarh based pellet makers offer stable at INR 6,100-6,200/MT (EXW).
Jharsuguda based pellet maker reported offering pellets at INR 6,000/MT (EXW). Jamshedpur based pellet maker is offering pellets at INR 6,100/MT (EXW), stable W-o-W.
India Pellet Trade Log:
--An Odisha based steel maker booked nearly 400,000 MT pellets from Odisha based pellet makers a week back.
--A Jamshedpur based pellet maker concluded about 15,000 MT pellet deal at INR 6,100/MT (EXW).
--Jharsuguda based major pellet maker sold about 12,000 MT pellet to Raigarh based plant at INR 6000/MT (EXW).
--Bellary based major pellet maker sold around 10,000 MT pellet to west based steel mill at INR 7,200/MT (Fe 63%) and at INR 7,950/MT (Fe 65%).
--Another South India based pellet maker sold 10,000 MT at around INR 6,900/MT (EXW).
SteelMint pellet reference prices as on 3rd Mar'20
| City | Grade (Fe %) | Basic Prices in INR/MT |
| Durgapur | 63 | 6,400-6,500 |
| Barbil* | 63 | 6,200-6,400 |
| Jamshedpur | 63 | 6,000-6,100 |
| Bellary | 63 | 6,900-7,200 |
| Jajpur | 63 | 6,875 |
| 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
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