On regular short fall of iron ore in Indian market, sponge manufacturers have shown significant interest in iron pellets. To summarize the Indian pellet market in brief
ORISSA
1.Pellet manufacturers offer 63% Fe pellets at Rs 9,650-9,750/t (Loaded to Wagons).
2. Demand for iron ore fines remain still weak on high railway freights.
3. Mining authorities are not issuing permits for exports of iron fines through lorries.
4. 63% Fe iron fines offered at Rs 2,400/t.
5. Pellet prices at Jharsugda for 62+ % Fe offered at Rs 9,400/t (Ex-Palnt)
KARNATAKA
1. Manufactures complaint of inferior quality of iron ore auctioned in Bellary.
2. Pellets offered at Rs 8100-8500/t for 62-63% Fe.
3. Last auction for 62% + Fe iron fines fetched Rs 2800-2900/t (Ex-Site).
4. Sponge prices steady at Rs 20500-600/t.
CHATTISGARH
1. A big pellet manufacturer offering 63% Fe pellet at Rs 10500 (Ex-Works).
2. 58% Fe iron ore fines sold at Rs 1,920/t (Ex Raipur)
3. 54% Fe iron fines offered at Rs 1,450/t (Ex- Raipur)
4. NMDC makes provisional hike of Rs 300-500/t on iron ore lumps prices.
5. Sponge prices hovering around Rs 23,800/t (Ex-Works)
Leave a Reply