PELLEX Up by INR 100/MT
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PELLEX increased by INR 100/MT to INR 7,100/wmt (DAP Raipur) amid decent deals reported. Pellet deals for around 50,000 MT reported to Raipur and Durg sponge makers at INR 6,950-7,000/MT (Ex-plant); normalizing for freight to Raipur at INR 7,100-7,150/MT (DAP Raipur).
Raipur based pellet makers offer at INR 7,000-7,200/MT (Ex-plant); normalizing for freight to Raipur at INR 7,150-7,350/MT (DAP Raipur).
P-DRI Assessment (Jan 03, 2020) increased by INR 1,100/MT W-o-W to INR 20,100/MT as against INR 19,000/MT (Ex-Raipur) a week before. In a month P-DRI increased sharply by INR 3,600/MT (EXW).
NMDC Ltd- India's biggest iron ore producer yesterday (03rd Jan 2020) announced a hike in its iron ore fines and lumps by INR 200/MT and DR-CLO price INR 230/MT and ROM by INR 190/MT.
India Pellet trade log-:
-- Raigarh based pellet makers have sold around 10,000 MT pellets at INR 6,700-6,900/MT (EXW) yesterday. One of the major pellet makers was not quoting offer today, as they were watching market more precisely.
-- Bellary based pellet makers sold around 30,000MT pellet for Fe 63% grade at INR 7,200-7,500/MT in the last two-three days.
-- As per the sources Jamshedpur based pellet maker has concluded around 10,000 MT pellet deal two days back at INR 6,700/MT (EXW). However, Current offers for Jamshedpur also to INR 6,700/MT (EXW).
-- Jharsuguda based pellet maker has concluded a total of 7,000 MT pellets at INR 6,500/MT (EXW) this week. Currently, they are not offering pellets.
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