Domestic pellet market in India witnessed mixed response this week. While on one side, Barbil and Jamshedpur pellet offers increased up to INR 250/MT W-o-W. On the other side, Durgapur pellet prices have noticed minor correction of INR 100/MT.
Thin trade activities in domestic market were reported this week.
Trade-wise:
1. Rashi Steel & Power (Bilaspur) is offering pellets at INR 4,700-4,800/MT (ex-plant). The company booked 10,000 MT pellets for Bilaspur based plant at INR 4,700/MT (ex-plant).
2.Rourkela based pellet maker – Shri Mahavir ferro Alloys keeps offers unchanged at INR 4,400/MT.
3. A Durgapur based pellet maker sold nearly 8,000 MT pellets at INR 4,600/MT (basic).
Indian Pellet Prices as on 17 Jan’17
|
City |
Grade (Fe %) | Prices | W-o-W |
Remarks |
| Barbil* | 63 | 4,500 | +250 | JSPL has raised pellet offers from INR 4,200-4,300/MT (loaded to wagons) to INR 4,500/MT (loaded to wagons). Arya Iron & Steel is still not quoting offers in domestic market. |
| Jharsuguda | 63 | 4,700 | = | Shyam Metaliks & Energy continues to hold offers. The company sold 3,000 MT pellets at INR 4,700/MT to a Raigarh based plant. |
| Durgapur | 63 | 4,600 | -100 | Stability in P-DRI prices since past one week resulted in limited pellet trade activities. Buyers negotiations resulted in drop of INR 100/MT in Durgapur pellet offers. Rashmi Metaliks is not giving offers in domestic market. |
| Jamshedpur | 63 | 4,200 | +100 | Adhunik Metaliks has raised pellet offers by INR 100/MT W-o-W. |
| Raipur | 63 | 4,700-4,800 | = | Raipur pellet manufacturers are hopeful that increasing P-DRI prices will support pellet offers. P-DRI prices in Raipur have touched INR 15,000/MT. However traders shared that presently deals are getting concluded at INR 100-200/MT lower than current offers. |
| Bellary | 63 | 5,800-5,900 | = | Bellary pellet offers remain stable this week. |
Basic prices in INR/MT
*loaded to wagons
Source: SteelMint Research
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