Iron pellet market continues to remain stable because of falling Iron ore supply from Odisha, after the Apex Court ordered to stop operations at mines running under 2nd deemed renewal.
Indian Pellet prices have managed to remain at previous levels on low trade volumes. In spite of weak demand from Sponge iron manufacturers, Pellet manufacturers prefer to hold on their offers. With Iron ore supply deteriorating in Odisha, seems that Pellet prices should hold at current levels.
Current offers for Fe 64/63% Pellets are hovering in the range of INR 7,000-8,400/MT (USD 116-140/MT) on Ex-Works basis.
Trade Deals
- Last trade from Barbil (Odisha) for 64% Pellets was heard to be settled at INR 7,400/MT (loaded to wagons)
- Raipur based manufacturer sold 64/63% Pellets at INR 8,400/MT (Ex-Works)
- Some trade took place at INR 8,000-8,100/MT (Ex-Durgapur)
- Bellary based manufacturers offering 63/62% Fe Pellets at around INR 7,800-8,000/MT
- Jharkhand based manufacturer sold 63% Fe Pellets at INR 7,200/MT to Raigarh (CG); freight at INR 1,200/MT
- Jajpur based manufacturer offering 64/63% Fe Pellets at INR 7,200/MT (loaded to wagons)
- Exports remained Nil in July, 2014 owing to weak demand in global market
- Jindal Saw heard to be offering 63% Pellets to Gujarat based manufacturers at INR 8,050/MT delivered (excise extra)
Indian Pellets Prices (in INR/MT) as on Week 31 (28 Jul-03 Aug, 2014)
|
State |
Particular |
Size (mm) |
Grade |
Price (Basic) |
W-o-W |
M-o-M |
|
Odisha |
Barbil |
6-20 |
63 |
7,400 |
– 100 |
– 100 |
|
Jharsugda |
6-20 |
63 |
8,100 |
0 |
+ 100 |
|
|
Keonjhar |
6-20 |
63 |
– |
NA |
NA |
|
|
Chhattisgarh |
Raipur |
6-20 |
63 |
8,400 |
– 150 |
– 100 |
|
Jharkhand |
Jamshedpur |
6-20 |
63 |
7,200 |
– 50 |
– 400 |
|
Karnataka |
Bellary |
6-20 |
62 |
8,000 |
0 |
– 100 |
|
Mangalore |
9-20 |
63 |
8,250 |
0 |
0 |
Weekly Assessment; excise duty at 12.36%; VAT as applicable
Barbil: Prices as loaded to wagons
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