Towards the year closing, the Indian domestic pellet market has witnessed deals getting concluded at increased offers. Southern India (Bellary) based pellet makers have increased pellet offers by INR 700-800/MT W-o-W. SteelMint’s current assessment for pellet s (Fe 63%) stand at INR 7,000-7,300/MT (Ex-Bellary) against last week's assessment at INR 6,450/MT. Bellary pellet prices are hovering at 6-months high as these levels were last seen in Jun'19.
News ID: 8185 Publish Date : 2019/12/31
Seaborne pellet prices rose on the back of tight availability from key supplier India and continued sintering restrictions in some Chinese cities.
News ID: 8179 Publish Date : 2019/12/31
PELLEX remains stable at INR 6,650/wmt (DAP Raipur). No deals were reported in this publishing window at the increased offer by Raipur pellet makers. Raipur based pellet offers stable at INR 7,000/MT( Ex-plant); normalizing for freight to Raipur at INR 7,150/MT (DAP Raipur).
News ID: 8137 Publish Date : 2019/12/27
Domestic pellet offers in India moved up in all major markets. In Durgapur SteelMint’s reference, pellet price assessment stands at INR 6,500/MT ex-plant as against last week's pellet assessment of INR 6,300-6,400/MT (ex-Durgapur, GST extra). However, participants reported limited trades.
News ID: 8104 Publish Date : 2019/12/24
China's seaborne pellet prices were little changed as bids remained at around $113-114/dry metric tonne (dmt), although large Indian pellet producers were unwilling to sell at these prices because of robust domestic demand in India.
News ID: 8091 Publish Date : 2019/12/24
Pellet export prices have inched up in the recent deal. This is 3rd export deal concluded by the company in a week's time.
News ID: 8035 Publish Date : 2019/12/14
SteelMint in conversation with market participants learned that major Raipur (Central India) based pellet manufacturers have increased offers today by INR 300/MT.
News ID: 8029 Publish Date : 2019/12/16
China's seaborne pellet prices were little changed, with demand supported by sintering restrictions in parts of China and a seasonal shortage of domestic concentrate supplies.
News ID: 7992 Publish Date : 2019/12/17
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.
News ID: 7959 Publish Date : 2019/11/29
China's largest steel-producing city Tangshan has asked several steel producers to indefinitely suspend iron ore sintering and partially reduce steel output from tomorrow, as the city declared a level 2 pollution emergency.
News ID: 7925 Publish Date : 2019/12/12
Seaborne pellet prices were higher on the back of seasonal winter stocking of direct-charge materials and profitable steel mills buying more medium- and high-grade iron ore to maintain peak production rates.
News ID: 7899 Publish Date : 2019/12/10
Atlantic iron ore pellet market participants are still working to finalise some outstanding fourth quarter supply contracts, with the past year's murky price environment now exacerbating uncertainty over how and when 2020 supply contracts will be settled.
News ID: 7783 Publish Date : 2019/12/04
Indian spot steel trades remained limited during the week-47 (16-23rd Nov'19). Participants mentioned that, inquiries were less than the average, however due to sufficient orders in hand, the producers have slightly change their offers.
News ID: 7747 Publish Date : 2019/11/23
BRPL, one of India's largest iron ore pellet exporters, achieved its highest monthly sales of 357,562t in November.
News ID: 7728 Publish Date : 2019/12/03
Indian pellet export prices have found support on declining Chinese port stocks. SteelMint’s pellet export assessment stands at USD 104-106/MT, CFR China for standard grade pellet s with 3% Al, Fe 64%. Pellet export assessement has increased marginally against last assessment at USD 103/MT, CFR China.
News ID: 7603 Publish Date : 2019/11/16
Algerian steelmaker AQS has received its second Supramax cargo of direct reduced pellet s ahead of launching a 2.5mn t/yr direct reduced iron (DRI) unit by the end of 2019 and a switch to electric arc furnace (EAF)-based steel production.
News ID: 7464 Publish Date : 2019/11/14
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.
News ID: 7348 Publish Date : 2019/11/05
Indian iron ore exports have recorded sharp increase in Oct’19. The exports were witnessed at 1.74 MnT, up 53% M-o-M as against Sep’19 exports at 1.14 MnT. On yearly basis, the exports have depicted a significant rise as compared to Oct’18 at 0.42 MnT.
News ID: 7342 Publish Date : 2019/11/04
Cabinet has given a "go ahead" to export iron ore pellet s from Karnataka, as per reports. Iron ore will be converted to pellet s for exports, which Law minister JC Madhuswamy said is in line with the center’s decision. "It has been decided not to export iron ore from Karnataka. Pellets as value-added product should be exported."
News ID: 7338 Publish Date : 2019/11/01
According to market sources report to SteelMint, Indian pellet export prices have moved down in recent deals concluded by Odisha based pellet maker.
News ID: 7309 Publish Date : 2019/10/31