BigMint’s India pellet (Fe 63%, 3.5% Al) export index (FOB east coast) increased by $9/t w-o-w to $104.5/t on 29 Nov’24 following active deals. An Eastern Indian seller concluded a 75,000 t pellet (Fe63%, max 8% Al2O3+SiO2) export cargo deal today for Dec loading. Bullish market sentiments due to the global fines index have supported pellet export prices. A few more deals are expected in the short term.
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