PELLEX Stable at INR 6,100/WMT in Limited Deals

PELLEX (DAP Raipur), 63.5% Fe stable at INR 6,100/wmt.

–Raipur based pellet makers raised offers by INR 100/MT to INR 6,100/MT( Ex-plant); normalizing for freight to Raipur at INR 6,250/MT (DAP Raipur).

–Deal of 3,000-4,000 MT pellets reported from Durg at INR 5,900/MT (Ex-Raipur); normalizing for freight to Raipur at INR 6,050/MT (DAP Raipur). The deal was concluded to Raipur.

–Bellary based major pellet makers have concluded 22,000 MT pellet deal at INR 6,200-6,400/MT (Ex-plant).

–Durgapur based pellet maker reported 3000 MT pellet deal at INR 5,500/MT (Ex-plant).

–An Odisha based pellet maker reported pellet export deal for Fe 64% grade and, 3% Al at China at USD 103/MT, CFR China

–A West Bengal based pellet maker has concluded pellet export deal to China at USD 104/MT, CFR China.

–NMDC Ltd yesterday annunced drop in its prices from Chhattisgarh mines. The iron ore fines and lumps prices reduced by INR 100/MT, DR-CLO prices decreased by INR 120/MT and ROM by INR 90/MT.

Click here to see SteelMint Pricing Methodology and Rationale documents.

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