Market sources shared that Odisha based merchant miners have sold iron ore fines at discount of INR 200-300/MT to local based pellet manufacturer.
In a recently concluded deal, an Odisha miner has sold fines (Fe 60%) at INR 700/MT (ex-mines) to local based pellet manufacturer.
It also learned that Odisha fines (Fe 63%) offer at INR 1,400/MT (loaded to wagon) to C.G. based pellet manufacturers. West Bengal pellet manufacturer Shyam Sel has hold fines buying at present at any price.
However official prices of fines (Fe 63%) offered by Odisha merchant miners are in the range of INR 1,400-1,450/MT (ex-mines). Iron ore fines buying has fallen significantly with majority of pellet plants closing their production resulting into increased inventory of fines at mine pit.
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