KATM Weekly Price Indicators for Bulk Physical Commodities

24-July-2017

As reported in our previous analysis; Prime Hard Coking Coal price kept rising and is around 183 US$/MT CFR IND. We have observed Iron ore pellet and Steel prices shown stronger this week also.

As per our sources; Ingot is currently at 28000. On lower side it has strong support at 27500 and on upper side it has strong resistance at 29000 and most likely to move towards 29000.
Iron ore fines are 63/62 at Vizag/Paradip.  Iron ore closed at $65 on July 21. We are expecting it to move around $70 .

KATM’s indicative price listed below for various bulk commodities listed on our platform during preceding week:

Iron Ore Pellets (64%Fe)                    :   83 US$/MT FOB ECI

HMS (80:20) Scrap                            :  268 US$/MT CFR IND

Prime Hard Coking Coal (Low Vol.)   : 183 US$/MT CFR IND

Thermal Coal (RB1 6000 NAR)          :   93 US$/MT CFR IND

Thermal Coal (5500 NAR)                  :   83 US$/MT CFR IND

Thermal Coal (4800 NAR)                  :   64 US$/MT CFR IND

Limestone (40-80 mm)                      :   18.5 US$/MT CFR IND