The Indian pellet export market has gained momentum following the hike in global iron ore prices. Prices have risen by $3-5/t against the mid of this week.
- A leading eastern-India based pellet producer has concluded an export deal for 55,000 t of pellets (Fe 63%, 3.5% Al) at $189/t CFR China for March shipment.
- Another deal for 55,000 t of pellets (Fe 63%, 3.5% Al) was concluded at $186-187/t CFR China.
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