India: NMDC Holds Pellet Prices Stable for June

South India (Karnataka) based - NMDC Donimalai Pellet Plant has kept base price unchanged for pellets this month at INR 7,030/MT. Current offers are on FoT basis for Fe 64% pellets for a quantity of 23,000 MT on advance payment basis. The price validity is till 30th Jun'19.

Last month, the miner had kept the pellet offer unchanged. In the latest price circular floated, the company has kept offers unchanged for rest of the month.

NMDC Ltd is operating 1.2 MnT pa capacity pellet plant located at Donimalai, Karnataka.

Bellary pellet offers hovering at 9-months low-: Southern India (Bellary) based pellet makers have decreased pellet offers to INR 6,500-6,700/MT against last week assessment at INR 7,000-7,200/MT (Basics). On daily basis, pellet prices declined by INR 200/MT to INR 6500-6700/MT as against assessment. P-DRI prices also decreased by INR 500-700/MT to INR 17,000-17,200/MT this week against INR 17,800/MT last week.