: Iron ore prices remained firm with some miners tweaking prices marginally upwards in the last one week.
Rungta Mines increased lump prices by Rs 100 per ton. The increases followed a hike by top iron ore miner NMDC which increased its lump iron ore prices by Rs 150 per ton to Rs 2,100 per weight metric ton (WMT) and prices of fines by Rs 110 per ton to Rs 1,860 per WMT.
The new prices of iron ore have come into effect from April 4, 2016. The above prices are exclusive of royalty, taxes, DMF, duties, levies etc.
Also, pellet prices were up by Rs 100 per ton in Bellary, market sources said, adding that pellet import and export prices also showed some firmness with the former rising to $70 per ton and export prices increasing to $65 per ton.
Other Odisha miners kept prices unchanged.
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 |
6-Apr-16 |
5-Apr-16 |
30-Mar-16 |
7-Mar-16 |
9-Oct-15 |
|||
NMDC |
6-20mm / 65 |
2,100 |
2,100 |
1,950 |
1,800 |
2,500 |
⇔ |
NMDC |
10-150mm / 64 |
1,900 |
1,900 |
1,750 |
1,600 |
2,210 |
⇔ |
NMDC |
FINES / 64 |
1,860 |
1,860 |
1,710 |
1,560 |
1,460 |
⇔ |
RUNGTA |
5-18mm / 63 |
2,800 |
2,700 |
2,700 |
2,600 |
3,300 |
▲ |
RUNGTA |
10-30mm / 63 |
2,700 |
2,600 |
2,600 |
2,500 |
3,100 |
▲ |
RUNGTA |
BLUE DUST / 63 |
1,600 |
1,600 |
1,600 |
1,600 |
1,700 |
⇔ |
ESSEL |
5-18mm / 63 |
2,200 |
2,200 |
2,200 |
2,100 |
NA |
⇔ |
ESSEL |
10-30mm / 63 |
1,500 |
1,500 |
1,500 |
1,400 |
2,900 |
⇔ |
ESSEL |
BLUE DUST / 63 |
1,300 |
1,300 |
1,300 |
1,300 |
1,500 |
⇔ |
SERAJUDDIN |
5-18mm / 63 |
2,200 |
2,200 |
2,200 |
2,200 |
2,800 |
⇔ |
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 |
2,600 |
⇔ |
INDRANI |
BLUE DUST / 63 |
1,300 |
1,300 |
1,300 |
1,300 |
1,500 |
⇔ |
KJS AHLUWALIA |
5-18mm / 63 |
2,200 |
2,200 |
2,200 |
2,200 |
2,700 |
⇔ |
KJS AHLUWALIA |
BLUE DUST / 63 |
1,300 |
1,300 |
1,300 |
1,300 |
1,400 |
⇔ |
BELLARY |
5mm-18mm |
4,500 |
4,400 |
4,400 |
4,200 |
5,300 |
▲ |
TATANAGAR |
5mm-18mm |
4,300 |
4,300 |
4,300 |
3,800 |
4,600 |
⇔ |
BARBIL |
5-20mm |
3,200 |
3,200 |
3,200 |
2,900 |
4,200 |
⇔ |
Size (mm) |
Grade % Fe |
Apr 7, 2016: Price (Rs per ton) |
Apr 6, 2016: Price (Rs per ton) |
Apr 5, 2016: Price (Rs per ton) |
|
China imported pellets |
5mm-18mm |
63-64 |
$70 |
$70 |
$67 |
India export |
6-20mm |
|
$65 |
$65 |
$59 |
Product |
|
Iron Ore Pellet |
Grade |
|
5-20mm, Fe 63-64 |
Location |
|
FOR, Barbil |
Basis |
|
Basic |
Month/Unit |
Week |
Rs/ton |
Jan-16 |
1 |
3300 |
|
2 |
3300 |
|
3 |
3200 |
|
4 |
3200 |
Feb-16 |
1 |
3200 |
|
2 |
3000 |
|
3 |
2900 |
|
4 |
2900 |
Mar-16 |
1 |
2900 |
|
2 |
2900 |
|
3 |
2900 |
|
4 |
3200 |
Apr-16 |
1 |
3200 |
Source: Traders