SteelMint’s bi-weekly domestic pellet index “PELLEX” moved up by INR 50/t on Tuesday (21st Jul 2020) to INR 6,350/t DAP Raipur. Raipur-based pellet makers are not actively offering in the domestic market as they have sold significant quantities in the domestic market and exports over the last several days.
This price has been derived using five data points: i.e trades, offers, bids, substitute parity, and export realizations. You can download the detailed methodology by clicking on this link Click here
Assigning weightage to data points:
- One transaction of around 30,000t was reported at INR 6,350/t (DAP, Raipur) in this publication window by a Raipur based manufacturer. This transaction was given a 57% weightage in the index.
- Firm offers were reported from Raigarh and Odisha which have been given a weightage of 14.3%.
- No firm bids were recorded in the publishing window.
- SteelMint calculated the price at which Raipur pellet can displace NMDC lump in the sponge rotary kiln feed (substitute parity) on a DAP Raipur basis at INR 5,900/t and given a weightage of 14.3%.
- The export realization was calculated by SteelMint at around Rs 6,350/t DAP Raipur based on a FOB east coast provisional assessment $103.5/t on 21st Jul’20 and was given a weightage of 14.3%.
Calculation of Index-:
Source-: SteelMint
Region-wise pellet deals and offers:
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