Iron Pellet prices in Eastern India continue to remain under pressure amid falling Iron ore prices in the domestic market. Current Pellet offers are hovering in the range of INR 5,500-6,000/MT for Fe 63% in Odisha, INR 7,000/MT in Chhattisgarh, INR 6,000-6,500/MT in West Bengal and INR 6,950/MT (Fe 62%) in Karnataka.
Odisha based miners have decreased Iron ore prices to an extent of INR 1,000/MT in last one month owing to increased supply and falling steel prices in the domestic and global market.
Trade Log
- A Barbil (Odisha) based manufacturer sold Fe 63% Pellets at INR 5,700/MT (as per loaded into wagons)
- A Jajpur (Odisha) based manufacturer is offering Fe 63% Pellets at INR 5,500-5,700/MT (as per loaded into wagons)
- Raipur based manufacturers are offering Fe 63% at INR 7,000/MT (ex-works)
- Hospet (Karnataka) based manufacturers are offering Fe 62% at INR 6,950/MT
- Steelmakers claimed to have Pellet offers from Australia at around USD 100/MT, CIF India
Indian Pellet Prices
|
City |
Grade | Prices |
|
(Fe %) |
||
| Barbil | 64 | 5,700* |
| Keonjhar | 64 | 6,000* |
| Jharsuguda | 63 | 6,500 |
| Raipur | 63 | 7,000 |
| Tatanagar | 63 | 6,100-6,400 |
| Jajpur | 63 | 5,500-5,700* |
| Durgapur | 63 | 6,000-6,500 |
| Vizag | 63 | 6,600 |
| Hospet | 62 | 6,950 |
| 61 | 6,900 |
Basic prices in INR/MT
Source: SteelMint Research
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