Domestic pellet prices in eastern India witnessed an increase up to INR 100/MT W-o-W. However, in other major pellet markets prices have remained stable this week.
Central and eastern India based pellets maker shared improving buying interest due to increasing sponge prices.
In Durgapur (eastern India) pellet price assessment has increased INR 100/MT W-o-W. Reference pellet price assessment for Durgapur stands at INR 5,400-5,500/MT (delivered) this week. P-DRI prices have increased sharply by INR 900/MT W-o-W to INR 19,000/MT (delivered) against INR 18,100/MT (delivered) last assessment.
Few trade sources also reported that the pellet prices are not increasing substantially, in proportion to sponge prices which have been increasing from the last few days. However, sellers are hopeful of improved buying sentiments in coming days, if prices of P-DRI sustain this momentum.
Indian pellet market update: Week 15, 2018
1. Southern India (Bellary) based pellet manufacturers have kept pellet offers unchanged. Current price assessment for Fe 63% grade pellets is heard around INR 7,000 (ex-Bellary) same as from the last few weeks no change amid low demand.
2. Western India pellet maker Jindal SAW has kept offers unchanged at INR 6400/MT (delivered Kandla).
3. Central India (Raipur) based pellet price assessment is around INR 6,100-6,200/MT (ex-Raipur). One of the major pellet makers is heard to have taken a maintenance shutdown.
Indian Pellet Reference prices as on 10th Apr’18-:
| City | Grade (Fe %) | Basic Prices in INR/MT |
| Barbil* | 63 | 5,000-5,100 |
| Durgapur | 63 | 5,400 – 5,500 |
| Jamshedpur | 63 | 5,100-5,200 |
| Jharsuguda | 63 | 5,800 |
| Raipur | 63 | 6,100-6,200 |
| Bellary | 63 | 7,000 |
| Kandla** | 63 | 6,400 |
*loaded to wagons
**delivered
Prices (GST extra) mentioned for min 1000 MT qty booking on advance payment basis
Source: SteelMint Research
Leave a Reply