An Indian pellet exporter has concluded pellet deal for around 50,000 MT pellet (fe 64%, 3% Al) to South East Asia, SteelMint learned from its reliable sources. The deal is anticipated to be concluded at around USD 111-112/MT, CFR levels which is equivalent to USD 100-102/MT, FoB levels.
SteelMint Pellet export assessment for the regular grade (Fe 64% and 3% Al) witnessed a drop amid the deadly corona virus outbreak to USD 100-102/MT, FoB India as against USD 103-105/MT, FoB assessed last week.
Indian pellet exports are expected to remain on lower side amid logistics constraints caused to pandemic outbreak. India’s major sea ports namely – Dhamra, Gopalpur, Krishnapatnam, Gangavaram have declared ‘force majeure’ upto the next notification from governmental authorities.
India exported 11.67 MnT pellets during Apr-Feb’20. BRPL was the largest exporter at 2.71 MnT.
Spot pellet premium up marginally W-o-W: Spot pellet premium for Fe 65% grade pellets assessed at USD 29.85/MT, CFR China as against USD 29/MT, CFR China last week.
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