India Steel Market Watch
October 29: 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 3,800-4,500 ex-works in the markets of Barbil, Tatanagar and Bellary.
Imported pellet offers from China (5-18 mm) of 63-64 grade Fe, fell by $2 per ton to $73 per ton while export offers from India fell by $2 per ton to $60 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 |
Oct 29, 2015: Price (Rs per ton) |
Oct 28, 2015: Price (Rs per ton) |
Oct 27, 2015: Price (Rs per ton) |
|
Bellary |
5mm-18mm |
62 |
4500 |
4600 |
4600 |
Tatanagar |
5mm-18mm |
63 |
4400 |
4400 |
4400 |
Barbil |
5mm-18mm |
63 |
3800 |
3900 |
3900 |
China imported pellets |
5mm-18mm |
63-64 |
$73 |
$75 |
$75 |
India export |
6-20mm |
|
$60 |
$62 |
$62 |
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 |
Source: Traders