Indian Pellet Exports Up 46% in Jan'19
According to the customs data maintained with SteelMint, Indian pellet exports have marked rise of 46% to 1.02 MnT in Jan'19 as against 0.70 MnT in Dec'18. On yearly basis, the exports increased 59% as compared to 0.64 MnT in Jan'18.
For FY19 (Apr-Jan) the total pellet exports recorded at 7.29 MnT as against 7.63 MnT for same duration FY18 (Apr-Jan). The exports for the year witnessed on lower side due to less stringent regulations in China resulting in shift to lower and medium grade fines.
Why Indian Pellet Export volumes increase in Jan'19?
Restocking ahead of Lunar New Year Holidays: Indian pellet exports to China in Jan'19 picked up amidst rising restocking demand by Chinese mills due to Lunar New Year holidays (5th Feb-19th Feb).
SteelMint's pellet export price assessment stood at USD 101 MT, FoB India in Jan'19 against 100 USD/MT in Dec'18.
China's pellet import from India up 43% in Jan'19
China continues to be the largest importer of Indian pellet in Jan'19 with imports of 0.70MnT, up by 43% as against 0.49 MnT in Dec'18. Oman stood the second largest importer at 0.16 MnT, followed by Turkey at 0.07 MnT and South Korea at 0.06 MnT.
JSPL exports up significantly in Jan'19
JSPL stood the largest exporter for Jan'19 with exports at 0.29 MnT up significantly as against 0.05 MnT in Dec'18. BRPL recorded pellet exports at 0.26 MnT (up 18% M-o-M), followed by KIOCL at 0.16 MnT and Rashmi Metaliks at 0.10 MnT.
Paradip port contributed 60% of pellet export in Jan'19
Pellet exports from Paradip port recorded at 0.62 MnT, followed by Dhamra port at 0.24 MnT and Mangalore port at 0.16 MnT.
source: SteelMint
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