SteelMint’s bi-weekly domestic pellet index “PELLEX ” remained stable at INR 12,150/t, DAP Raipur in recent deals. Around 11,000 t pellet deals were concluded at 11,950-12,150/t (DAP Raipur) in this publishing window according to the sources report to SteelMint.
Few Raipur based pellet makers were heard to have slashed offers to INR 12,150/t (DAP Raipur).
Jharsuguda based pellet maker has resumed offer in the domestic market after a week’s time. However, Raigarh based pellet makers are holding the offers stable at INR 11,500/t (exw).
Buyers are still not aggressive to buy pellets as they have either adjusted their kiln for iron ore feed or few sponge makers are getting earlier pending dispatches of pellet bookings.
Pellet sponge (P-DRI) prices in Raipur have moved down today by INR 300/t to INR 27,200/t as against INR 27,500/t exw yesterday. On a weekly basis prices have remained largely stable.
Indian pellet market overview-:
Pellet makers in Jamshedpur and Durgapur have lowered their offers by INR 200-400/t.
However, western India based – Jindal SAW has increased its pellet offer by INR 400/t to INR 14,200/t (DAP Kandla).
Rationale – PELLEX has been derived using data points: i.e., trades, offers and bid. You can download the detailed methodology by clicking on this link Click here
- Few deals have been concluded in this publishing window therefore given a weightage of 50%.
- Total seven firm offers from were reported this week and three from Raipur and the rest four from outside Raipur. All were taken for price calculation and given a weightage of 50%.
Region-wise pellet deals and offers:
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