India: BRPL Concludes 60,000 MT Pellet Export Deal to China
Eastern India based pellet maker - Brahmani River Pellets has recently concluded pellet export deal to China, SteelMint learned from company officials. Deal for 60,000 MT pellets with Fe 64% and 3% Al was learned to be concluded at around USD 117/MT, CFR China for April shipment.
The pellet maker also concluded pellet export deal to Europe around 10-15 days back and the vessel loading has finished at Paradip port.
Yesterday, SteelMint reported two parcels of 50,000 MT (low Alumina) heard to have concluded at USD 106-107/MT, FoB India East Coast.
BRPL stood the largest pellet exporter in FY'19 with exports at 2.38 MnT, increased significantly by 40% as against 1.70 MnT in FY’18. BRPL, co-owned by Thriveni Pellets Pvt Ltd and JSW Techno Projects Ltd. has capacity of 4 MnT p.a.
Pellet trades at Chinese major ports
As per trade participants report to SteelMint, pellet stock at Chinese major ports is learned to have traded at RMB 930-950/MT. As per SteelHome consultancy, pellet stock at Chinese major ports was recorded at 5.25 MnT towards the end of last week.
source: SteelMint
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