Odisha: Merchant miners continue to retain iron ore prices. Sources mentioned that Odisha government has temporarily suspended iron ore dispatches of two major merchant miners namely – KJS Ahluwalia and Kaypee Enterprises following which iron ore dispatches were impacted. However market participants shared that decline in sponge prices in past few weeks has prevented Odisha iron ore prices from moving up despite less iron ore availability.
Odisha iron ore prices as on 13 Feb’17
|
Miner |
Size (mm) | Grade (Fe%) |
Prices in INR/MT |
| Rungta Mines (Joda)* | 5-18 | 62 | 3,600 |
| 10-30 | 62 | 3,400 | |
| Fines | 63 | 1,675 | |
| Serajuddin Mines | 5-18 | 63 | 2,700 |
| Fines | 63 | 1,350 | |
| Essel Mining (Koira) | 5-18 | 62 | 3,050 |
| 10-30 | 61 | 2,950 | |
| Fines | 63 | 1,275 | |
| KJS Ahluwalia | 5-18 | 63 | 2,900 |
| 10-30 | 61 | 2,750 | |
| Fines | 63 | 1,375 | |
| Kaypee Enterprises | 5-18 | 63 | 2,800 |
| 10-30 | 62 | 2,650 | |
| Fines | 63 | 1,385 |
Ex-mines prices in INR/MT
*Prices as per loaded to wagons & inclusive of Royalty, DMF & NMET
Source: SteelMint Research
Chhattisgarh: NMDC hiked iron ore prices up to 7% M-o-M for Feb’17 deliveries. High global iron ore prices and increased sponge iron prices in Jan’17 resulted in increase in NMDC iron ore prices.
NMDC (C.G.) iron ore prices w.e.f 02 Feb’17
|
Size |
Grade (Fe %) | Prices | M-o-M | |
| INR/MT |
% |
|||
| 10-40 mm, DR CLO | 67 | 2,745 | +185 | 7.22% |
| Baila lump , 6-40 mm | 65 | 2,325 | +100 | 4.50% |
| ROM, 10-150 mm | 65 | 2,100 | +85 | 4.22% |
| Blue Dust/Fines | 64 | 2,085 | +100 | 5.03% |
F.O.R prices in INR/MT
Royalty, DMF, NMET & other taxes extra
Source: SteelMint Research
Goa: No iron ore e-auction has been conducted so far in this month. Last (18th) e-auction was held on 22 Nov’16. Base prices remained unchanged at INR 500/MT for all material type across all grades. Lots containing higher Fe content fetched higher bids.
Karnataka : NMDC lifted iron ore base prices in Feb’17 Karnataka e-auctions up to INR 115/MT M-o-M. Base prices of lump (Fe 62.5%) offered by NMDC Donimalai mines stood at INR 2,519/MT and fines (Fe 60.2%) at INR 2,165/MT. Base prices for NMDC Kumaraswamy mines are currently as follows: fines (Fe 60.4%) stood at INR 1,988/MT and lump (Fe 62.5%) stood at INR 1,972/MT.
Talking about private miners, base price of lump (Fe 62.4%) offered by Sesa Sterlite stood at INR 2,258/MT (basic).
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