Week 47 has witnessed price stability in Indian domestic market. Pellet manufacturers across all major Indian markets continue to hold same offers as of now as they were prevailing last week.
In Raipur (central India), P-DRI prices have increased by INR 400-500/MT in a week’s time owing to limited supply.
Indian Pellet Reference Prices as on 14 Nov’17
|
City |
Grade (Fe %) | Basic Prices in INR/MT |
Remarks |
| Barbil* | 63 | 4,900 | Jindal Steel & Power pellet offers are heard at around INR 4,900/MT (loaded to wagons). JSPL’s last pellet export tender was concluded at around USD 119.5/MT, CFR China towards beginning of Nov. |
| Durgapur | 63 | 5,400 | Rashmi Metaliks is not heard offering in domestic market owing to improved export realization. Shyam Sel and Super Smelters keep offers unchanged this week. |
| Raipur | 63 | 5,300-5,400 | Pellet Sponge prices in Raipur have increased on weekly premises by about INR 400-500/MT owing to supply crunch. Pellet offers remain supported. |
| Jharsuguda | 63 | No offers | Shyam Metaliks & Energy concluded last deal for about 5,000 MT at INR 5,400/MT. |
| Jamshedpur | 63 | 4,900 | Adhunik Metaliks is offering pellets. Deals reported at INR 4,800/MT |
| Bellary | 63 | 6,100-6,200 | P-DRI prices in southern India have improved in last couple of days. Pellet prices remain stable on weekly premises. |
Prices (GST extra) mentioned are for min 1000 MT qty booking on advance payment basis
Source: SteelMint Research
*Loaded to Wagon
Trade-wise:
1. West Bengal based pellet maker Super Smelters sold nearly 2,000 MT at around INR 5,400/MT, yesterday
2. Durg based pellet maker – Raipur Power & Steel is offering Fe 64% grade pellets at INR 5,350/MT (ex-Durg)
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