India Steel Market Watch
October 1: Pellet offers fell by Rs 100-200 per ton on limited bookings and falling demand from sponge iron makers, sources informed ISMW.
Current offers for Fe 62%-63% ranged from Rs 4,700-4,900 ex-works in the markets of Barbil, Tatanagar and Bellary.
Imported pellet offers from China (5-18 mm) of 63-64 grade Fe, however, decreased by $1 per ton to $77 per ton while export offers from India decreased by $1 per ton to $64 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 1, 2015: Price (Rs per ton) |
Sept 30, 2015: Price (Rs per ton) |
Sept 29, 2015: Price (Rs per ton) |
|
Bellary |
5mm-18mm |
62 |
4800 |
4800 |
4800 |
Tatanagar |
5mm-18mm |
63 |
4700 |
4700 |
4700 |
Barbil |
5mm-18mm |
63 |
4600 |
4600 |
4600 |
China imported pellets |
5mm-18mm |
63-64 |
$77 |
$77 |
$77 |
India export |
6-20mm |
|
$64 |
$64 |
$64 |
Product |
|
Iron Ore Pellet |
Grade |
|
5-20mm, Fe 63-64 |
Location |
|
FOR, Barbil |
Basis |
|
Basic |
Month/Unit |
Week |
Rs/ton |
Jun-15 |
1 |
4600 |
|
2 |
4500 |
|
3 |
4500 |
|
4 |
4400 |
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 |
Source: Traders