India: Pellet export prices drop by $3/t w-o-w on lack of demand

BigMint’s India pellet (Fe63%, 3% Al) export index (FOB east coast) fell by $3/t w-o-w to $97/t on 26 Dec’24. The seaborne market remained silent due to the Christmas holidays, with nil inquiries this week. Moreover, some sellers focused on domestic deals due to better realisations. Meanwhile, China’s iron ore fines index (Fe62%) fell by $4/t w-o-w to $101/t CFR on 24 Dec.