India Steel Market Watch
November 26: Pellet offers eased further on limited bookings and falling demand from sponge iron-makers, sources informed ISMW.
Current offers for Fe 62%-63% ranged from Rs 3,200-4,300 ex-works in the markets of Barbil, Tatanagar and Bellary.
Imported pellet offers from China (5-18 mm) of 63-64 grade Fe remained unchanged at $64 per ton while export offers also remained unchanged at $51 per ton.
Better availability has led to shifting of some buyers to pellets but lumps inventory levels are also high, making buyers cautious on heavy buying.
Following are pellet prices in different markets:
Size (mm) |
Grade % Fe |
Nov 26, 2015: Price (Rs per ton) |
Nov 25, 2015: Price (Rs per ton) |
Nov 24, 2015: Price (Rs per ton) |
|
Bellary |
5mm-18mm |
62 |
4300 |
4300 |
4400 |
Tatanagar |
5mm-18mm |
63 |
4100 |
4100 |
4200 |
Barbil |
5mm-18mm |
63 |
3200 |
3200 |
3300 |
China imported pellets |
5mm-18mm |
63-64 |
$64 |
$64 |
$64 |
India export |
6-20mm |
|
$51 |
$51 |
$51 |
Product |
|
Iron Ore Pellet |
Grade |
|
5-20mm, Fe 63-64 |
Location |
|
FOR, Barbil |
Basis |
|
Basic |
Month/Unit |
Week |
Rs/ton |
Jul-15 |
1 |
4400 |
|
2 |
4300 |
|
3 |
4200 |
|
4 |
4200 |
|
5 |
4200 |
Aug-15 |
1 |
4100 |
|
2 |
4400 |
|
3 |
4400 |
|
4 |
4700 |
Sep-15 |
1 |
4700 |
|
2 |
4800 |
|
3 |
4700 |
|
4 |
4600 |
Oct-15 |
1 |
4100 |
|
2 |
4100 |
|
3 |
3800 |
Nov-15 |
1 |
3700 |
|
2 |
3500 |
|
3 |
3500 |
|
4 |
3200 |
Source: Traders