India: Mills conclude over 270,000 t of pellet export deals in last 2 days

The Indian pellet export market has gained momentum following the hike in global iron ore prices.

• In confirmed deal, three parcels of 50,000 t of pellets (Fe 63%, 2% Al) were heard sold at $152-153/t on FOB basis.
• Another deal for 75,000 t of pellets (Fe 62.5%, 3% Al) was concluded, which was based on index pricing.
• Two more deals (Fe 63%, 3-3.5% Al) from eastern India were concluded at $155-156/t CFR China.