Apart from Jharsuguda and Jamshedpur, domestic pellet prices across all major parts of the country remain unchanged on weekly premises.
Amid festive season and bank holidays, Week 42 witnessed stability in domestic pellet prices except in few parts of eastern India where fluctuations of INR 100-200/MT W-o-W was noticed.
With market remaining closed since past few days, majority of pellet makers continue to hold their offers awaiting clarity over market direction post holidays.
East and central India based pellet makers highlighted that pellet buying interest from sponge makers is weak over holidays. However it is expected that buying may pick up from next week onwards.
Trade-wise
1. Southern India based pellet maker – MSPL pellet offers remain unchanged. Present offers for Fe 65% pellets are at INR 5,700/MT (basic).
2. Bilaspur based pellet maker – Rashi Steel & Power is offering pellets at INR 4,900-4,950/MT (ex-Bilaspur)
3. Rourkela based Shri Mahavir Ferro Alloys sold nearly 10,000 MT pellets at INR 4,400/MT (basic) and presently offers are at INR 4,400 – 4,500/MT (ex-plant)
4. West Bengal based Super Smelter’s pellet offers are at INR 4,800/MT
5. Raipur based Jayaswal Neco pellet offers are stable at INR 5,000/MT (after VAT exemption)
6. Jharsuguda based Shyam Metaliks & Energy sold nearly 12,000 MT pellets at INR 4,500/MT (basic). Current offers are at INR 4,600/MT (basic)
Indian Pellet Prices as on 12 Oct’16
|
City |
Grade | Prices | W-o-W | M-o-M |
|
(Fe %) |
||||
| Barbil* | 63 | 3,850 | 0 | +300 |
| Jharsuguda | 63 | 4,600 | +100 | +500 |
| Jamshedpur | 63 | 4,500 | +200 | +300 |
| Durgapur | 63 | 4,300-4,800 | 0 | +400 |
| Raipur | 63 | 4,900-5,000 | 0 | +400 |
| Bellary | 63 | 5,000-5,200 | 0 | +650 |
| Kandla** | 63 | 5,450 | 0 | -150 |
Basic prices in INR/MT
* loaded to wagons
**delivered
Source: SteelMint Research
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