India Steel Market Watch
December 17: 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, fell $9 per ton to $55 per ton while export offers also fell by $7 per ton to $44 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 |
Dec 17, 2015: Price (Rs per ton) |
Dec 16, 2015: Price (Rs per ton) |
Dec 15, 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 |
$55 |
$57 |
$60 |
India export |
6-20mm |
|
$44 |
$46 |
$49 |
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 |
Source: Traders