PELLEX Stable at INR 7,150/WMT (DAP, Raipur)
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PELLEX stable at INR 7,150/wmt (DAP Raipur).
No pellet deals heard from Raipur pellet makers in this publishing window. However, at the end of last week pellets, deals of around 20,000-25,000 MT from Odisha and other location of Chhattisgarh reported at INR 7,100/MT (DAP Raipur).
Major Raipur based pellet makers kept the offers stable at INR 7,400/MT( Ex-plant); normalizing for freight to Raipur at INR 7,550/MT (DAP Raipur).
SteelMint P-DRI assessment (Jan 28, 2020) at INR 19,150/MT against INR 19,100/MT (Ex-Raipur) a week before.
No pellets export deal heard in this publishing window. Global iron ore fines (Fe 62%) prices have come down sharply by USD 7.35/MT today to USD 84.7/MT. SteelMint assessment for standard grade pellets (Fe 64%, 3% Al) stands at USD 123-125/MT, CFR China down by USD 3/MT against the closing of last week.
India Pellet Trade Log-:
-- Jamshedpur based pellet maker concluded around 10,000 MT pellet deal at INR 6,300/MT (EXW) yesterday.
-- Bellary based pellet makers sold around 23,000MT pellets for Fe 63% grade at INR 6,850-7,000/MT (EXW) in the last three-four days.
SteelMint pellet reference prices as on 28th Jan'20
| City | Grade (Fe %) | Basic Prices in INR/MT |
| Durgapur | 63 | 6,400-6,500 |
| Barbil* | 63 | 6,200-6,300 |
| Jamshedpur | 63 | 6,300-6,400 |
| Raigarh | 63 | 6,400-6,600 |
| Bellary | 63 | 6,800-7,000 |
| Jajpur | 63 | 7,050 |
* Loaded to wagon
Prices (GST extra) mentioned for min 1000 MT qty booking on advance payment basis
Source: SteelMint Research
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