Author: Parul Jain
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Indian Pellet Export Deal Concluded at Lower Price
An Eastern India based pellet maker has closed export deal for 50,000 MT high grade (Fe 64%) pellets to China. The export realization was in the range of USD104-106/MT, CFR China. Considering vessel freight from India to China to be around USD 8-9/MT, then FoB price would come around USD 96-98/MT, FoB India. Supplier expected…