An India-based pellet maker recently concluded an export deal for 50,000 t (Fe61%, 2.5% alumina) through a tender. As per buyer sources, the deal was heard to have been closed at around $93-94/t FOB India. The tender received a positive response following the recent hike in global iron ore prices. Spot prices of iron ore fines in China increased by $4/t w-o-w to $102/t CFR on 15 May.
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