PELLEX stable at INR 6,150/wmt (DAP Raipur) on limited trade activities. No pellet deals were reported in this publishing window.
Raipur based pellet offers remain stable at INR 6,300/MT( Ex-plant); normalizing for freight to Raipur at INR 6,450/MT (DAP Raipur).SteelMint P-DRI Assessment (Dec 10, 2019) down by INR 100/MT W-o-W to INR 16,500/MT as against INR 16,600/MT (Ex-Raipur) last week.
Yesterday an Odisha based pellet maker concluded 55,000 MT export deal for Dec loading at around USD 114/MT, CFR China. However, SteelMint Pellet export assessment for the regular grade (Fe 64% and 3% Al) stands at USD 103-104MT, FoB India.
Ex -Plant export realization for Raipur pellet maker up to INR 5,900-6,000/WMT.
Trades from other regions-:
— Bellary based pellet makers have sold around 20,000-21,000 MT pellets at INR 6,150-6,300/MT (EXW) in the last two-three days.
—Jamshedpur based pellet maker concluded around 20,000 MT pellet deal to West Bengal based sponge mills at 5,500/MT (Ex-plant) recently.
Click here to see SteelMint Pricing Methodology and Rationale documents.
To provide feedback/suggestions, please contact info@steelmint.com
Leave a Reply