Pellet prices in eastern and central India have moved up by INR 100-200/MT W-o-W.
Eastern India pellet makers have raised offers looking at improvement in P-DRI prices. However, no noticeable increase in bookings have been seen yet. Barbil pellet offers are in the range of INR 3,200-3,300/MT (loaded to wagons).
In Jharsuguda and Durgapur pellet prices have gone up by INR 200/MT. P-DRI prices in eastern India have increased by INR 500-600/MT in a week’s time.
In Raipur pellet offers are in the range of INR 4,300-4,400/MT (basic). Market participants shared that some Raipur based sponge makers have procured pellets from Odisha. Landed cost of pellets from Odisha are around INR 4,100-4,200/MT.
Talking about western India, Jindal SAW pellet prices are at INR 4,200/MT (delivered Kandla) for Fe 63%. In southern India, pellet offers remain unchanged at INR 4,350-4,400/MT (basic).
Indian Pellet Prices as on 04 Jan’16
|
City |
Grade | Prices | W-o-W | M-o-M |
|
(Fe %) |
||||
| Barbil* | 63 | 3,200-3,300 | 0 | +250 |
| Jajpur | 63 | 3,200 | +200 | – |
| Jharsuguda | 63 | 4,000 | +200 | +450 |
| Durgapur | 63 | 4,000-4,200 | +200 | +400 |
| Raipur | 63 | 4,300-4,400 | +100 | +150 |
| Bellary | 62 | 4,350-4,400 | +50 | +50 |
| Kandla** | 63 | 4,200 | +100 | 0 |
Basic prices in INR/MT
* loaded to wagons
**delivered
Source: SteelMint Research
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