According to market sources report to SteelMint, a pellet maker has recently concluded 50,000 MT pellet export deal to China. The deal was heard to have concluded for regular grade pellet at around USD 128-129/MT, CFR China equivalent to USD 114-115/MT, FoB India. Prices are down by USD 3 against last week.
However most of the major pellet manufacturers are holding their offers at USD 131-132/MT CFR China.
Also, a central India based pellet maker reportedly is exploring buyer for 25,000 MT pellet for Sep’19 shipment.
Indian pellet exports market have witnessed rise since last week but at falling prices. The pellet export prices have dropped this week by around USD 2-3/MT. Exports prices have witnessed a fall amid decline in spot iron ore prices. Chinese spot iron ore fines prices witnessed drop to USD 108.45/MT, CFR China yesterday (2nd Aug) as against USD 118.45 /MT, CFR China towards beginning of the week.
Spot pellet premium up marginally W-o-W-: Spot pellet premium for Fe 65% grade pellets assessed at USD 23.75/MT, CFR China as against USD 23.70/MT, CFR China a week before.
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