Indian Pellet Export Prices Decline on Weak Chinese Interest
Friday, October 19, 2018 - 7:35:42 PM

According to Mining News Pro -Indian pellet export prices have softened this week further amid uncertainty of Chinese steel mills regarding winter production cuts. Few trade participants shared increased preference of Chinese mills towards iron ore fines than pellets.

Southern India based pellet maker - KIOCL had floated an e-tender for export of 50,000 MT pellets (Fe 64%, 2% Alumina). The bid submission due date was on 11th Oct.

According to market sources report to SteelMint, the tender received highest bid around USD 140/MT, FoB, however the tender has yet not been concluded and is under negotiations.

In 3rd week of September, KIOCL concluded a pellet export deal for similar quantity at around USD 149-150/MT, FoB. Thus, bids have come down by around USD 10 against previous tender.

Assessment for regular grade pellets with 3% Alumina was also learned to have softened to USD 141-143/MT, CFR China levels unlike last week`s assessment of USD 147-148/MT, CFR China last week.

Spot pellet premium for Fe 65% grade pellets assessed at USD 84.60/DMT, CFR China, down by USD 1.90/DMT W-o-W against 86.5/DMT a week before. Pellet Export Prices Decline on Weak Chinese Interest
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