Indian exporter, Global resources, is to ship about 45,000 MT mill scale in bulk vessel to China this week, according to sources.
The vessel named as MV Jag Rahul is expected to sail on 21 Sep 2015 from Kandla Port (Indian West Coast).
Last month one vessel of about 30,000 MT was shipped by Bagadiya brothers to China. Deal was heard to be settled at USD 45-46/MT, FoB Kandla. Freight to China is assessed at around USD 13/MT.
Mill scale exports from India (Jan-Sept’15)
| Month | Load Port | Vessel Name | Quantity | FoB Prices in USD/MT |
Unload Port | Country |
| Jan’15 | Kandla | Jia Xiang Shan | 42,900 | NA | Nanjing | China |
| Jan’15 | Kandla | CS Princess | 38,500 | 56.5 | Nantong | China |
| Feb’15 | Kandla | Crystal Ocean | 40,000 | 76.25 | Nantong | China |
| Jun’15 | Kandla | Franbo Wind | 30,000 | 47.84 | Nantong | China |
| Jul’15 | Kandla | Korean Lily | 40,000 | 49 | Nanjing | China |
| Jul’15 | Kandla | Ocean Innovation | 32,000 | 58 | Villanueva | Philippines |
| Jul’15 | Chennai | Franbo Wind | 11,800 | 48 | Nantong | China |
| Aug’15 | Kandla | Pac Star | 31000 | 45 | Nantong | China |
| Sep’15 | Kandla | Jag Rahul | 45,000 | N/A | N/A | China |
| Total | 311,200 |
Quantity in MT; Provisional Data
Source: SteelMint Stats, Custom
Domestic Market Sentiments
1. Indian mill scale prices are assessed at INR 2,000-2,100/MT, delivered to Kandla Port
2. Domestic offers for 68/70% Fe mill scale are assessed at INR 2,600-2,800/MT, ex-Raipur
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