National Mineral Development Corporation (NMDC) has raised iron ore base prices in Karnataka e-auctions to be held in Mar’17 in line with its price hike in Chhattisgarh mines.
Iron ore base prices of NMDC Donimalai mines moved up by about INR 65-116/MT M-o-M in Mar’17. Fines prices have gone up by INR 65-109/MT and that of lump have increased by INR 65-116/MT. High grade iron ore have witnessed higher price surge against that of low grade.
Base prices of fines (Fe 60.2%) moved up to INR 2,246/MT for Mar’17. In Feb’17 e-auctions, the same material was base priced at INR 2,165/MT. On similar lines, base price of low grade fines (Fe 58%) is presently at INR 1,980/MT which was observed at INR 1,910/MT in Feb’17 e-auctions.
|
Grade (Fe %) |
NMDC Donimalai E-auction Iron Ore Base Prices for Mar’17 in in INR/MT |
|||
|
Fines |
M-o-M |
Lump |
M-o-M |
|
| 67 |
3,061 |
+109 |
3,134 |
+116 |
| 66 |
2,942 |
+105 |
3,017 |
+110 |
| 65 |
2,827 |
+106 |
2,902 |
+106 |
| 64 |
2,706 |
+101 |
2,786 |
+101 |
| 58 |
1,980 |
+70 |
2,091 |
+70 |
| 57 |
1,859 |
+65 |
1,975 |
+65 |
Base prices mentioned are basicx
Source: SteelMint Research
On the other hand, base prices of lump (Fe 62.2%) has moved up from INR 2,486/MT in Feb’17 auctions to INR 2,575/MT in Mar’17 e-auctions.
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