Indian Pellet Trade Log- Week 45, 2019

India's domestic pellet market mostly stable on weekly basis except Ex-Bellary based pellet assessment decreased marginally to INR 6,100-6,200/MT this week against last week at INR 6,100-6,300/MT.

Recent pellet trades in Indian pellet market-:

-- Deals of 7,000-8,000 MT pellets reported from Raipur market at INR 5,800/MT(Ex-Raipur); normalizing for freight to Raipur at INR 5,950/MT (DAP Raipur). These deals were concluded to Durg and Chandrapur (Maharashtra).

-- Raigarh based pellet maker has concluded around 7,000-8,000 MT pellet deal at around INR 5,500/MT(Ex-Raigarh) in the local market yesterday.

-- Odisha based steel mill booked 130,000 MT pellets from Odisha based pellet makers at INR 5,200/MT(Loaded to wagons).

-- High trade volumes of pellets reported over 53,000 MT by South-based pellet makers in last one week at around INR 6,100-6,200/t (EXW-Bellary). One major pellet maker from Bellary concluded around 20,000 MT pellet to Gujarat based steel mills at INR 6,200/MT(EXW-Bellary) and freight for Gujarat is around 1,500/MT.

-- Durgapur market reported around 13,000 MT pellet deals at around INR 5,300-5,400/MT in the last couple of days.

-- Jamshedpur based pellet maker was also sold around 5,000 MT pellet deal last week at INR 5,200-5,300/MT (Ex-plant).

-- Odisha based pellet maker concluded total 20,000-25,000 MT pellet deal at INR 5,200/MT (Loaded) in the local market.