Eastern India Pellet Maker Concludes 50,000 MT Pellet Export Deal to China

Eastern India based pellet maker has concluded an export deal for around 50,000 MT for regular grade pellets (Fe 64%, containing 3% alumina) for June loading. According to the sources, the deal has been concluded at around USD 123-124/MT, CFR China.

SteelMint's price assessment for Fe 64% (3% Al) stands at USD 123-124/MT, CFR China. The deal prices have inched down by USD 2-3/MT in last couple of weeks.

An Indian pellet maker shared "At Chinese ports pellet offers are still at RMB 970 levels, however due to fall in iron ore prices, sentiments have turned a bit dull".

Spot pellet premium inch up

Spot pellet premium for Fe 65% grade pellets assessed at USD 28.15/DMT, CFR China this week, up by USD 0.85/DMT W-o-W against USD 27.3/DMT a week before.

On the other hand, iron ore fines index retreated to USD 99.9/MT yesterday after falling to USD 97.95/MT on easing supply concerns and falling steel prices.