PELLEX remains stable at INR 5,950/wmt (DAP Raipur) in this publishing window.
One of the major Raipur pellet makers sold around 10,000 MT pellets in the local Raipur market at INR 5,950-6,050/MT (DAP Raipur).
In another deal reported, a Raipur based pellet maker concluded a deal at INR 5,850/MT (DAP Raipur) recently, but the deal could not be confirmed from the pellet makers at the time of publishing this Index.
Pellets offer from Raipur and nearby location-:
— Raipur based pellet offers remain firm at INR 5,900/MT( Ex-plant); normalizing freight to Raipur at INR 6,050/MT (DAP Raipur).
— Raigarh based pellet maker hiked offers by INR 100/MT to INR 5,500-5,600/MT (Ex-plant) this week. Few trade sources highlighted one of the major pellet makers continues to not offering pellets owing to lack of material availability.
— Jharsuguda based pellet maker kept the offers stable at INR 5,200/MT (Ex-plant).
Deals from other regions-:
— Raigarh based pellet maker concluded around 10,000 MT pellet deal in the local Raigarh market at INR 5,500/MT recently.
— Bellary based pellet maker concluded a deal for around 15,000 MT pellets in the local market at around INR 6,000/MT (Ex-plant) this week.
— Durgapur based pellet maker has sold around 3000-4000 MT pellets in the local market at around INR 5,400-5,500/MT (Ex-plant).
An Indian pellet export tender for 50,000 MT pellets of Fe 63% grade with 2.5% Al is heard to have received bids at around USD 106-107/MT, FoB India as per credible sources report to SteelMint. Pellet export assessment for Fe 64% grade pellets with 3% Al at USD 101-103/MT, CFR China.
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