An eastern India-based pellet producer recently finalised an export deal for 75,000 t of pellets (Fe62%, 8% SiO2+ Al2O3) at around $111/t CFR China for the August shipment. Recovery in the global fines prices with a drop in the Chinese ports pellet inventory supported the premium for export transaction. India’s pellet exports decreased 17% m-o-m to 0.74 mnt in July against 0.89 mnt in June.
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