PELLEX (DAP Raipur), 63.5% Fe up by INR 200/MT to INR 6,100/wmt in recent deals.
Deals of 55,000 -60,000 MT pellets reported from Raipur market at INR 5,900-6,000/MT(Ex-Raipur); normalizing for freight to Raipur at INR 6,050-6,150/MT (DAP Raipur). The deal were concluded to Raipur & Chandrapur.
P-DRI price in Raipur have increased W-o-W by INR 600-800/MT to INR 16,900-17,100/MT (basic) compared to INR 16,300/MT a week ago.
Raipur based pellet makers raised offers by INR 200/MT to INR 6,000/MT( Ex-plant); normalizing for freight to Raipur at INR 6,150/MT (DAP Raipur). Raigarh based pellet offers witnessed at INR 5,600/MT (Ex-plant), normalizing freight to Raipur at INR 6,250/MT (DAP Raipur).
Odisha’s Serajuddin mine raised iron ore lump (5-18mm) prices yesterday by INR 300/MT to INR 3,700/MT (ex-mines, incld Royalty, DMF & NMET). 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 6,070/MT (DAP Raipur).
Click here to see SteelMint Pricing Methodology and Rationale documents.
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