India Steel Market Watch
October 15: Pellet offers remained stable on limited bookings and falling demand from sponge iron makers, sources informed ISMW.
Current offers for Fe 62%-63% ranged from Rs 4,100-4,600 ex-works in the markets of Barbil, Tatanagar and Bellary.
Imported pellet offers from China (5-18 mm) of 63-64 grade Fe, remained unchanged at $75 per ton while export offers from India stayed at $62 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 15, 2015: Price (Rs per ton) |
Oct 14, 2015: Price (Rs per ton) |
Oct 13, 2015: Price (Rs per ton) |
|
Bellary |
5mm-18mm |
62 |
4600 |
4600 |
4600 |
Tatanagar |
5mm-18mm |
63 |
4500 |
4500 |
4500 |
Barbil |
5mm-18mm |
63 |
4100 |
4100 |
4100 |
China imported pellets |
5mm-18mm |
63-64 |
$75 |
$75 |
$75 |
India export |
6-20mm |
|
$62 |
$62 |
$62 |
Product |
|
Iron Ore Pellet |
Grade |
5-20mm, Fe 63-64 |
|
Location |
FOR, Barbil |
|
Basis |
Basic |
|
Month/Unit |
Week |
Rs/ton |
Oct-13 |
1 |
7300 |
|
2 |
7150 |
|
3 |
7100 |
|
4 |
7050 |
Nov-13 |
1 |
7000 |
|
2 |
7100 |
|
3 |
7100 |
|
4 |
7250 |
Dec-13 |
1 |
7400 |
|
2 |
7400 |
|
3 |
7400 |
|
4 |
7400 |
Jan-14 |
1 |
7600 |
|
2 |
7600 |
|
3 |
7450 |
|
4 |
7083 |
Feb-14 |
1 |
7083 |
|
2 |
6950 |
|
3 |
6700 |
|
4 |
6500 |
Mar-14 |
1 |
6400 |
|
2 |
6500 |
|
3 |
6500 |
|
4 |
6400 |
Apr-14 |
1 |
6350 |
|
2 |
6100 |
|
3 |
6450 |
|
4 |
6600 |
May-14 |
1 |
6650 |
|
2 |
6950 |
|
3 |
6950 |
|
4 |
8350 |
|
5 |
9000 |
Jun-14 |
1 |
8900 |
|
2 |
8000 |
|
3 |
7500 |
|
4 |
7500 |
Jul-14 |
1 |
7500 |
|
2 |
7500 |
|
3 |
7400 |
|
4 |
7400 |
|
5 |
7300 |
Aug-14 |
1 |
7400 |
|
2 |
7300 |
|
3 |
7600 |
|
4 |
7600 |
Sep-14 |
1 |
7500 |
|
2 |
7700 |
|
3 |
7700 |
|
4 |
7600 |
|
5 |
7700 |
Oct-14 |
1 |
7700 |
|
2 |
7700 |
|
3 |
7700 |
|
4 |
8100 |
Nov-14 |
1 |
8100 |
|
2 |
8100 |
|
3 |
7900 |
|
4 |
7900 |
Dec-14 |
1 |
7900 |
|
2 |
7900 |
|
3 |
7500 |
|
4 |
7000 |
Jan-15 |
1 |
7000 |
|
2 |
7000 |
|
3 |
6300 |
|
4 |
5800 |
Feb-15 |
1 |
5700 |
|
2 |
5200 |
|
3 |
5200 |
|
4 |
5200 |
Mar-15 |
1 |
5300 |
|
2 |
5700 |
|
3 |
6000 |
|
4 |
6000 |
Apr-15 |
1 |
5700 |
|
2 |
5600 |
|
3 |
5600 |
|
4 |
5200 |
|
5 |
5200 |
May-15 |
1 |
4900 |
|
2 |
4900 |
|
3 |
4800 |
|
4 |
4800 |
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 |
Oct-15 |
1 |
4100 |
|
2 |
4100 |
Source: Traders