According to the vessel line up data maintained with SteelMint, Indian pellet exports for the month of Aug’18 witnessed a decline of 20% to 0.45 MnT, as against 0.56 MnT in Jul’18. In the month of July, Indian pellet export price assessments remained range bound at USD 109/MT, FoB India and then increased towards month end to USD 113/MT, FoB. This resulted in fewer export bookings for August shipments.
However, the month of August has witnessed a sharp surge in export offers and bookings which will lead to increased numbers next month.
On yearly basis, pellet exports decreased by 52% as compared to 0.93 MnT in Aug’17.
In the first five months (Apr-Aug) of FY’19 Indian pellet, export moved down slightly to 2.84 MnT as compared to 3.29 MnT in the same period last year (Apr-Aug’17).
JSPL pellet exports increased in Aug’18 -:
JSPL stood the largest exporter for the month of Aug’18 at 0.19 MnT (up almost fivefold M-o-M), accounting 42% of total Indian iron ore export share, followed by BRPL at 0.15 MnT (down by 47%), KIOCL at 0.06 MnT and Rashmi Metaliks 0.06 MnT.
Availability of rakes in eastern India remained a constraint for material transport from plants to ports.
Indian Pellet exported to Mexico in August
China continued to remain the largest importer of Indian pellet in Aug’18 with imports at 0.40 MnT, up 20% M-o-M as against 0.33 MnT in Jul’18. Mexico stood the second largest importer at 0.06 MnT. It’s for the first time Indian pellets have been exported to Mexico. BRPL exported pellets to Mexico in August.
Port-wise Indian pellet exports -:
Pellet exports from Paradip port recorded highest in Aug’18 also at 0.28 MnT, in line with the last month Jul’18, followed by Dhamra port at 0.12 MnT (up two folds on monthly basis) and Mangalore port at 0.06 MnT (down 67% M-o-M).
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