Iron ore and pellet prices remained unchanged on June 15, after miners cut rates at the beginning of the month.
Market sources said that inventory levels remained high due to higher production in mines.
Earlier, NMDC and Serajuddin had brought down prices of select grades amid poor demand and off-take.
Prices of iron ore in various markets during the past six months (Rs/ton)
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Daily changes |
15-Jun-16 |
14-Jun-16 |
8-Jun-16 |
17-May-16 |
18-Dec-15 |
|||
NMDC |
6-20mm / 65 |
1,800 |
1,800 |
1,800 |
2,000 |
2,100 |
⇔ |
NMDC |
10-150mm / 64 |
1,620 |
1,620 |
1,620 |
1,800 |
1,870 |
⇔ |
NMDC |
FINES / 64 |
1,460 |
1,460 |
1,460 |
1,660 |
1,560 |
⇔ |
RUNGTA |
5-18mm / 63 |
2,700 |
2,700 |
2,700 |
2,800 |
2,700 |
⇔ |
RUNGTA |
10-30mm / 63 |
2,600 |
2,600 |
2,600 |
2,700 |
2,600 |
⇔ |
RUNGTA |
BLUE DUST / 63 |
1,600 |
1,600 |
1,600 |
1,600 |
1,800 |
⇔ |
ESSEL |
5-18mm / 63 |
2,200 |
2,200 |
2,200 |
2,200 |
2,400 |
⇔ |
ESSEL |
10-30mm / 63 |
1,600 |
1,600 |
1,600 |
1,600 |
1,800 |
⇔ |
ESSEL |
BLUE DUST / 63 |
1,200 |
1,200 |
1,200 |
1,300 |
1,500 |
⇔ |
SERAJUDDIN |
5-18mm / 63 |
2,100 |
2,100 |
2,100 |
2,200 |
2,200 |
⇔ |
SERAJUDDIN |
BLUE DUST / 63 |
1,400 |
1,400 |
1,400 |
1,400 |
1,500 |
⇔ |
INDRANI |
5-18mm / 63 |
2,200 |
2,200 |
2,200 |
2,200 |
2,400 |
⇔ |
INDRANI |
BLUE DUST / 63 |
1,200 |
1,200 |
1,200 |
1,200 |
1,500 |
⇔ |
KJS AHLUWALIA |
5-18mm / 63 |
2,200 |
2,200 |
2,200 |
2,200 |
2,000 |
⇔ |
KJS AHLUWALIA |
BLUE DUST / 63 |
1,300 |
1,300 |
1,300 |
1,300 |
1,400 |
⇔ |
PRODUCT |
NAME OF THE MARKET |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Price Rs./Ton as on |
Daily changes |
15-Jun-16 |
14-Jun-16 |
8-Jun-16 |
17-May-16 |
18-Dec-15 |
|||
BELLARY |
5mm-18mm |
4,300 |
4,300 |
4,200 |
4,400 |
4,300 |
⇔ |
TATANAGAR |
5mm-18mm |
3,200 |
3,200 |
3,300 |
3,400 |
4,100 |
⇔ |
BARBIL |
5-20mm |
2,900 |
2,900 |
3,000 |
3,100 |
3,100 |
⇔ |
Source: Compilation from various sources & ISMW data
Product |
|
Iron Ore Pellet |
Grade |
|
5-20mm, Fe 63-64 |
Location |
|
FOR, Barbil |
Basis |
|
Basic |
Month/Unit |
Week |
Rs/ton |
Mar-16 |
1 |
2900 |
|
2 |
2900 |
|
3 |
2900 |
|
4 |
3200 |
Apr-16 |
1 |
3200 |
|
2 |
3200 |
|
3 |
3200 |
|
4 |
3100 |
May-16 |
1 |
3100 |
|
2 |
3100 |
|
3 |
3100 |
|
4 |
3100 |
Jun-16 |
1 |
3000 |
|
2 |
3000 |
Source: Traders