After consecutive increase in Odisha iron ore prices since mid Sept’16, merchant miners have maintained offers at same levels.
Merchant miners in Odisha continue to keep offers stable as of now and shared that they do not anticipate revision in prices in the immediate term and miners will wait for further revision in prices.
Market sources shared that amid limited trade activities over holidays, sponge prices in last week fell by INR 300-400/MT W-o-W.
Prior to this, Odisha based merchant miners had increased lump prices by INR 600-750/MT M-o-M and fines prices by INR 100-200/MT M-o-M in three tranches since mid of Sept’16.
Odisha iron ore prices
|
Miner |
Size (mm) | Grade (Fe%) |
Prices in INR/MT |
| Rungta Mines (Joda)* | 5-18 | 62 | 3,300 |
| 10-30 | 62 | 3,150 | |
| Fines | 63 | 1,750 | |
| Serajuddin Mines | 5-18 | 63 | 2,500 |
| Fines | 63 | 1,200 | |
| Essel Mining (Koira) | 5-18 | 62 | 2,700 |
| 10-30 | 61 | 2,600 | |
| Fines | 63 | 1,150 | |
| KJS Ahluwalia | 5-18 | 63 | 2,650 |
| 10-30 | 61 | 2,550 | |
| Fines | 63 | 1,250 | |
| Kaypee Enterprises | 5-18 | 63 | 2,550 |
| 10-30 | 62 | 2,450 | |
| Fines | 63 | 1,260 | |
| Indrani Patnaik* | 5-18 | 63 | 2,850 |
| Fines | 62 | 1,550 |
Ex-mines prices in INR/MT & inclusive of Royalty, DMF & NMET
*Prices as per loaded to wagons & inclusive of Royalty, DMF & NMET
Source: SteelMint Research
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