India’s Pellet Export to China has Grew
Mining News Pro - Ispat and Godawari Company recently inked a contract for exporting pellet to China.
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According to Mining News Pro - This contract includes selling 50 thousand tons of pellet with 64 percent of the grade.

The 50 thousand tons of cargo will be carried in July 2019.

In the 2019 financial year, Ispat and Godawari Company produced 19.3 million tons of pellet, up by 5 percent comparing to the last financial year. The company is focusing on producing high grade pellet.

Jindal Steel & Power also conducted a tender offer in Eastern India for 50 thousand tons of pellet export with 64 percent of grade, According to the reports; this tender offer will be held this week with CFC of 131 dollars.

The study shows that the export price of Indian pellet from India to China has grown compared to the last week and increased from $128 CFR to $131 CFR.

Due to demand increase of Chinese companies and supply reduction in the ports, the price of India’s pellet has increased. Chinese steelmakers are seeking to reduce the price of raw materials.

The export volume of India’s pellet in 2019 financial year is about 1.1 million tons with 34 percent growth compared to the last year. It means that India has exported 880 thousand tons of pellet each month.


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