PELLEX Stable in Recent Deals of 8,000 MT

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

Deals of 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 (DAP Raipur). These deals were concluded to Raipur, Durg, and Bilaspur.

SteelMint P-DRI Assessment (Nov 08, 2019) increased by INR 500/MT to INR 16,500/MT (Ex-Raipur) against INR 16,000/MT a week ago.

No pellet export deals were reported in this publishing window. SteelMint pellet export assessment stands at USD 88-89/MT, FoB India. In Central India export market is semi-liquid; therefore export realization factor has been ignored in the computation of PELLEX.

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 5,990/MT (DAP Raipur).

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