In Apr’14, India’s Iron ore export decline by 23% in contrast to previous month and stood at 0.9 MnT. In FY14, India exported 14.4 MnT Iron ore, down by 20% in comparison to FY13, as mining and export ban continued in Goa then.
|
Iron Ore Export from Indian Ports in Apr’14 |
|||||
|
Shipper |
Paradip |
Vizag |
Haldia |
Dhamra |
Grand Total |
|
Rungta Mines |
163,820 |
36,450 |
79,000 |
55,000 |
334,270 |
|
MMTC |
– |
222,800 |
– |
– |
222,800 |
|
SM Niryat |
91,200 |
– |
– |
– |
91,200 |
|
BTM Exports |
56,700 |
– |
– |
– |
56,700 |
|
Gimpex |
55,000 |
– |
– |
– |
55,000 |
|
Global+Shark Mines |
49,000 |
– |
– |
– |
49,000 |
|
Good Luck |
– |
– |
27,500 |
– |
27,500 |
|
Shaping Dream |
– |
– |
23,000 |
– |
23,000 |
|
Jagwani |
22,500 |
– |
– |
– |
22,500 |
|
Disha |
– |
– |
22,000 |
– |
22,000 |
|
Core Minerals |
– |
22,000 |
– |
– |
22,000 |
|
Jagwani & Auro Golbal |
– |
21,042 |
– |
– |
21,042 |
|
Bagadiya Brothers |
7,500 |
– |
– |
– |
7,500 |
|
Grand Total |
445,720 |
302,292 |
151,500 |
55,000 |
954,512 |
Qty in MT Source: SteelMint Research
Ports such as Mormugoa, Krishnapatnam, Mundra, Karaikal, Kakinada and Mangalore have been considered; no Iron ore export were seen in Apr’14. Redi port has not been considered
In Apr’14, Rungta mines were the largest exporter at 0.3 MnT and Paradip Port exported major quantity at 0.4 MnT.
Iron ore movement was restricted from 5-17 Apr’14 via trucks in Odisha to ensure smooth polling of general elections and state assembly elections. In addition, elevated stockpile at Chinese port which stroke 107 MnT in Apr’14, dragged down exports. Chinese spot Iron ore prices stood at an average of USD 115/MT CFR China in Apr’14.
Iron ore export may restore at 18-19 MnT in FY15
Perhaps, Iron ore export may restore at 18-19 MnT, as export from Goa picks up, after Directorate of Mines & Geology (DMG), Goa, allowed e-auction route sale of 15 MnT Iron ore accumulation. Goa should give close to 5 MnT on the back of existing movement in export.
Conversely, China spot Iron ore prices and INR can be challenged. Paradip port will possibly hold on to export at level similar i.e. 5.5 MnT exported in FY14.
As Indian exporters are paying high plot rent at Paradip, they would be looking forward to exploit extensively. Odisha government curbs export of Iron ore Fines generated through production of Sponge iron, which might not blow export to a major quantity.
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