India Steel Market Watch
November 12: Pellet offers fell on limited bookings and falling demand from sponge iron makers, sources informed ISMW.
Current offers for Fe 62%-63% ranged from Rs 3,500-4,400 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 $69 per ton while export offers from India fell marginally by $2 per ton to $57 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 12, 2015: Price (Rs per ton) |
Nov 11, 2015: Price (Rs per ton) |
Nov 9, 2015: Price (Rs per ton) |
|
Bellary |
5mm-18mm |
62 |
4400 |
4500 |
4500 |
Tatanagar |
5mm-18mm |
63 |
4200 |
4400 |
4400 |
Barbil |
5mm-18mm |
63 |
3500 |
3700 |
3700 |
China imported pellets |
5mm-18mm |
63-64 |
$69 |
$69 |
$69 |
India export |
6-20mm |
$55 |
$55 |
$55 |
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 |
Source: Traders