PELLEX increased by INR 300/MT to INR 6,650/wmt (DAP Raipur) in recent deals reported at increased offers.
Pellet deals for around 36,000 MT reported to Raipur and Chandrapur sponge makers. Out of this Raipur pellet marker sold around 32,000 MT at INR 6,500-6,600/MT(Ex-plant); normalizing for freight to Raipur at INR 6,650-6,750/MT (DAP Raipur) and remaining 4,000 MT pellet was sold by Jharsuguda based pellet maker at INR 6,000/MT (EXW) normalizing for freight to Raipur INR 6,650/MT (DAP Raipur).
Raipur based pellet offers stable at INR 6,600/MT( Ex-plant); normalizing for freight to Raipur at INR 6,750/MT (DAP Raipur). Raigarh based pellet makers also increased pellet offers further by INR 200/MT to INR 6,200/MT (EXW).
SteelMint P-DRI Assessment (Dec 20, 2019) increased sharply by INR 1,300/MT W-o-W to INR 18,000/MT as against INR 16,700/MT (Ex-Raipur) last week.
India Pellet Trades-:
— Raigarh based pellet maker has sold around 35,000 MT pellet deals at INR 6,000-6,100MT (EXW) recently. Pellet makers from Raigarh also increased offer by INR 200/MT to INR 6,200/MT (EXW).
— Jharsuguda based pellet makers sold 4,000 MT pellets at INR 6,000/MT (EXW) to Raipur based sponge maker two days back. Jharsuguda based plant increased offer by INR to INR 6,000-6,100/MT (EXW).
— Bellary based pellet makers have sold around 50,000MT pellets at the range of INR 6,200-6350/MT (EXW) in the last couple of days.
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