PELLEX Up by INR 350/WMT in Recent Deals

PELLEX increased by INR 350/MT to INR 7,000/wmt (DAP Raipur) amid decent deals reported.Pellet deals for around 20,000 MT reported to Raipur and Durg sponge makers at INR 6,900-7,000/MT(Ex-plant); normalizing for freight to Raipur at INR 7,050-7,150/MT (DAP Raipur).

Raipur based pellet makers kept the offers stable at INR 7,000/MT( Explant); normalizing for freight to Raipur at INR 7,150/MT (DAP Raipur).

Raigarh based pellet makers also kept the offers stable at INR 6,500-6,600/MT (EXW). Pellet offers from Jharsuguda stand at INR 6,600/MT(EXW).

SteelMint P-DRI Assessment (Dec 31, 2019) increased by INR 400/MT W-o-W
to INR 19,200/MT as against INR 18,800/MT (Ex-Raipur) a week before.

India Pellet trade log-:

-- Pellet deals for around 20,000 MT reported to Raipur and Durg sponge makers at INR 6,900-7,000/MT (Ex-plant); normalizing for freight to Raipur at INR 7,050-7,150/MT (DAP Raipur).

-- Raigarh based pellet makers have sold around 15,000 MT pellet deals at INR 6,500/MT (EXW) a couple of days back.

-- Bellary based pellet maker has sold around 5,000MT high-grade pellets (Fe 65%) pellets at INR 8,000/MT (EXW) today to Andhra Pradesh (A.P) based Steelmaker. Another Pellet maker from Bellary sold 5,000 MT pellets for Fe 63% grade pellet at INR 6,900/MT a couple of days back.

-- As per the sources, Jamshedpur based pellet maker has concluded around 10,000 MT pellet deal two days back at INR 6,500/MT (EXW). However, Current offers for Jamshedpur increased by INR 100/MT to INR 6,600/MT (EXW).

--Jharsuguda based pellet maker has concluded 5,000 MT pellets at INR 6,500/MT (EXW) this week. Current offers from Jharsuguda based pellet maker at INR 6,600/MT (EXW).

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