India Steel Market Watch
December 24: Pellet offers remained unchanged on limited bookings and falling demand from sponge iron-makers, sources informed ISMW.
Current offers for Fe 62%-63% ranged from Rs 3,100-4,300 ex-works in the markets of Barbil, Tatanagar and Bellary.
Imported pellet offers from China (5-18 mm) of 63-64 grade Fe, however, rose $1 per ton to $56 per ton while export offers remained unchanged at $44 per ton.
Following are pellet prices in different markets:
Size (mm) |
Grade % Fe |
Dec 24, 2015: Price (Rs per ton) |
Dec 23, 2015: Price (Rs per ton) |
Dec 22, 2015: Price (Rs per ton) |
|
Bellary |
5mm-18mm |
62 |
4300 |
4300 |
4300 |
Tatanagar |
5mm-18mm |
63 |
4100 |
4100 |
4100 |
Barbil |
5mm-18mm |
63 |
3100 |
3100 |
3100 |
China imported pellets |
5mm-18mm |
63-64 |
$56 |
$54 |
$54 |
India export |
6-20mm |
|
$43 |
$43 |
$43 |
Product |
|
Iron Ore Pellet |
Grade |
|
5-20mm, Fe 63-64 |
Location |
|
FOR, Barbil |
Basis |
|
Basic |
Month/Unit |
Week |
Rs/ton |
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 |
Dec-15 |
1 |
3100 |
|
2 |
3100 |
|
3 |
3100 |
|
4 |
3100 |
Source: Traders