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
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
India’s record gold import said to be due to calculation error
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
