State-owned, KIOCL had floated a limited tender for export of 50,000 MT Pellets. The pellet maker has extended for one day, now the due date for this tender will be 05 Apr’18 at 16:00 Hrs.
As per sources, they extended this tender due to the market volatility.
Previously KIOCL exported the pellet at the price of USD 110.5/MT FOB India, and this time they are eyeing for the price around USD 108/MT FOB.
Market participants reported that few stock of Indian origin pellets at Chinese ports to have sold at USD 109-110/MT, CFR China. This is higher by USD 3/MT W-o-W.
Company’s pellet sales recorded a prominent increase to 2.30 MnT in FY’18, up 65% as against 1.39 MnT in FY’17. Out of 2.30 MnT pellets sold in FY18, 1.45 MnT was through exports and remaining quantity of 0.85 MnT was through domestic sales. The pellet exports by the company recorded significant rise of 63% on yearly basis to 1.45 MnT in FY’18 as against 0.89 MnT in FY’17.
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