PELLEX stable at INR 7,550/wmt (DAP, Raipur). No pellet deals heard from Raipur pellet makers in this publishing window.
Raipur based pellet makers kept the offers stable at INR 7,400/MT( Ex-plant); Raigarh based pellet makers offer at INR 7,000- 7,200/MT (EXW).
SteelMint P-DRI Assessment (Jan 14, 2020) decreased by INR 300/MT W-o-W to INR 19,800/MT as against INR 20,100/MT (Ex-Raipur) a week before.
SteelMint’s assessment for Fe 64%, 3% Al pellets, has moved up by USD 2/MT W-o-W to USD 117-119/MT, CFR China this week. SteelMint learned from its trade sources that an Odisha based pellet maker concluded an export shipment for standard grade (Fe 64%, 3% Al) pellets at USD 117/MT, CFR China.
Deals from Other Regions-:
— Bellary based pellet makers sold around 10,000MT pellets for Fe 63% grade at INR 7,400/MT (EXW) at the end of last week.
SteelMint pellet reference prices as on 14th Jan’2020
| City | Grade (Fe %) | Basic Prices in INR/MT |
| Durgapur | 63 | 7,000-7,100 |
| Barbil* | 63 | 6,500-6,600 |
| Jamshedpur | 63 | 6,700 |
| Raigarh | 63 | 7,000-7,200 |
| Bellary | 63 | 7,300-7,400 |
| Jajpur | 63 | 7,050 |
**delivered
* Loaded to wagon
Prices (GST extra) mentioned for min 1000 MT qty booking on advance payment basis
Source: SteelMint Research
Click here to see SteelMint Pricing Methodology and Rationale documents.
To provide feedback/suggestions, please contact info@steelmint.com
Leave a Reply