PELLEX Down to INR 6,150/WMT (DAP Raipur) Amid Deals from Odisha
Pellet deals for around 10,000 MT reported to Raipur market from Odisha based pellet maker at INR 5,500-5,600/MT(Ex-plant); normalizing for freight to Raipur at INR 6,150-6,250/MT (DAP Raipur). Amid pending deliveries of previous bookings, few Raipur pellet makers are still not offering in the domestic market.
SteelMint P-DRI Assessment (Nov 29, 2019) increased by INR 200/MT W-o-W to INR 16,700/MT (Ex-Raipur) against INR 16,500/MT a week ago.
No pellet export deals were reported in this publishing window. SteelMint Pellet export assessment stands at USD 97-98/MT, FoB India.
Ex -Plant export realization for Raipur pellet maker up to INR 5,600-5,650/WMT.
In Central India the export market is semi-liquid, therefore export realization factor has been ignored in the computation of PELLEX.
Other Region Deals-:
-- Bellary based pellet makers sold around 20,000 MT pellets at INR 6,200/MT(EXW) in the last couple of days.
-- In another deal from Bellary based major pellet maker has concluded around 10,000-12,000 MT pellet deal at INR 6,350-6,400/MT(Ex-plant) to Karnataka and Tamil Nadu steel makers.
-- Yesterday Jamshedpur based pellet maker has concluded around 10,000 MT pellets deal at INR 5,600/MT(EXW).
source: SteelMint
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
