Central India based pellet maker – Godawari Power & Ispat had concluded pellet export deal to China. Deal for 50,000 MT iron ore pellets (Fe 64%, less than 2% Al) has been concluded at around USD 117.25/MT, FoB India. The cargo is likely to be shipped in Jul’19. Company had produced 19,33,250 MT pellets in FY’19, up 5% compared to last fiscal year (FY’18). Company is focusing on manufacturing of high-grade pellets.
SteelMint’s price assessment for Fe 64% (3% Al) stands at USD 123-124/MT, CFR China. The deal prices have inched down by USD 2-3/MT in the last couple of weeks.
Earlier this week, an eastern India based pellet maker has concluded an export deal for around 50,000 MT for regular grade pellets (Fe 64%, containing 3% alumina) for June loading. According to the sources, the deal has been concluded at around USD 123-124/MT, CFR China.
Spot pellet premium inch up-: Spot pellet premium for Fe 65% grade pellets assessed at USD 28.15/DMT, CFR China this week, up by USD 0.85/DMT W-o-W against USD 27.3/DMT a week before.
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