A leading pellet player in eastern India has concluded an export deal for 75,000 t of pellets (Fe 62.5%, 3% Al) recently via tender. The deal was heard concluded at a premium of $38/t (equivalent to $177/t CFR China), sources have confirmed. Indian pellet prices continued to climb as spot demand from traders continued. Offers from Indian producers remained firm despite Chinese demand waning as the Spring festival approached.
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