According to market sources report to SteelMint, southern India based pellet maker – KIOCL (Kudremukh Iron Ore Company Limited) has recently concluded deal of 50,000 MT pellets of Fe 64% grades (less than 2% alumina). As per sources, the deal has been concluded at around USD 117-118/MT, FoB India for July shipment.
SteelMint’s price assessment for normal grade pellets (with more than 2-2.5% alumina) stands at around USD 118-119/MT, CFR China. Some mills in northern China’s Tangshan city could possibly see restrictions on the operations of blast furnaces during July 10-31 in its bid to cut air pollution.
Chinese mills are actively looking low alumina high grade pellets cargoes due to strict govt. norms imposed on steel mills in Northern China. Demand for Indian pellets in China continue to remain strong over less Indian supplies
According to the customs data maintained with SteelMint, Indian pellet exports for the month of June’18, witnessed at 0.83 MnT, up by two folds as against May’18 exports at 0.40 MnT. KIOCL stood the largest exporter for the month of June’18 at 0.24 MnT (up four folds M-o-M), accounting for 29% of total Indian pellet export share.
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