PELLEX down marginally by INR 50/MT to INR 6,600/wmt (DAP Raipur). Raipur based pellets makers this week concluded around 30,000-,40,000 MT deal at INR 6,400-6,500/MT to Raipur and outside Raipur based steel mills, normalizing for freight to Raipur at INR 6,550-6,650/MT (DAP Raipur).
— Raipur based pellet makers kept the offers stable at INR 6,500/MT( Ex-plant); normalizing for freight to Raipur at INR 6,650/MT (DAP Raipur).
— Raigarh based pellet makers offer lowered by INR 100/MT to INR 5,800 (Ex-plant).
— Jharsuguda based pellet maker has declined pellet offer by INR 100/MT to INR 5,800/MT (Ex-plant).
— SteelMint P-DRI assessment (Mar 13, 2020) down by INR 350/MT W-o-W to INR 18,000/MT (Ex-plant) against INR 18,350/MT last week.
Export deal by Central India (Raipur) pellet maker -: A central India based pellet maker has concluded a pellet export deal today (i.e 13th Mar 2020) for 55,000 MT Fe 64% grade pellets with 3% Al at around USD 104-105/MT, FoB India. However, confirmation from other trade sources could not be received till the time of publishing this report.
Odisha merchant miner declined iron ore lumps offer-: Serajuddin- Odisha’s major merchant iron ore mine has decreased iron ore lump offers for 5-18 mm (Fe 63%) by INR 500/MT to INR 4, 500/MT (ex-mines, including Royalty, DMF, & NMET) as against last offer of INR 5,000/MT.
India Pellet deal from other regions-:
— Jamshedpur based pellet makers sold around 10,000 MT pellets at INR 5,900-6,000/MT (Ex-plant) in the last couple of days.
— Bellary based pellet maker sold around 10,000 MT pellet in the local market at around INR 6,900/MT (Ex-plant) in this week.
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