Date: 21 December 2018 , 14:26
News ID: 3027
NEWS SERVICE: MINES and MINERALS

India's Domestic Pellet Market Observes Less Trades

This week pellet prices in Indian domestic market witnessed decline further and market also observed limited trades.
India

Durgapur pellet prices weaken further- Durgapur pellet prices have witnessed down by INR 100-200/MT to INR 6,400/MT this week against last week’s assessment of INR 6,500-6,700/MT. Trade sources reported limited trades at these prices. P-DRI price has remained stable at INR 19,600-19,800/MT in line with last week’s assessment.

Limited offers heard in Central India pellet market - Not many Raipur based pellet makers were heard offering pellets this week. Current assessment for Raipur pellet stands at around INR 6,200-6,500/MT (ex-Raipur) against last week assessment at INR 6,700/MT. Market participants indicated the reduction in Raipur pellet offers in near term.

P-DRI prices in Raipur increased by INR 200-400/MT to INR 20,200-20,400/MT against last week assessment at INR 20,100/MT.

Southern India Pellet inch down after shown stability- Southern India (Bellary) pellet prices have declined to INR 7,200-7,300 (basic) against last week’s assessment of INR 7,200-7,400/MT.

P-DRI price is decreased by INR 200-400/MT to INR 19,800-20,000/MT against INR 20,000-20,200/MT last week assessment.

India pellet trade updates-:

1. West India based pellet maker - Jindal SAW offers has kept offers firm at INR 8,300/MT in, delivered Kandla.

2. Jajpur based Brahmani River Pellet is also declined at INR 6,800/MT (Ex-plant).JSPL is not offering in the domestic pellet market.

source: SteelMint
pellet Raipur pellet Durgapur pellet Jindal SAW
Top News
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
Sibanye-Stillwater liable for damages to Appian for .2 billion scrapped mine deals
Twelve Days ago
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Mobarakeh Steel Co. record holder in quantitative and qualitative production
Six last month
"Sustainability and innovation in production and development, excellence in culture", the orientation of Mobarakeh Steel Co. to realize the motto of 2024
Six last month
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Gianpietro Benedetti, Chairman of Danieli Group, passes away
Five last month
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
The entrepreneur Gianpietro Benedetti has died, he was 81 years old
Five last month
The President visited the Sungun Copper Complex
The President visited the Sungun Copper Complex
Two last year
Most Like