Indian Pellet Export Trade Log

Indian pellet export offers for Fe 64.5-65% grade pellets are currently hovering at USD 90-92/MT, CFR China.

A few of the recent east coast based pellet manufacturers have concluded deal within such range.

SteelMint assessment for Fe 64.5%-65% pellet exports is around USD 80-82/MT, FoB India for Nov Shipments. Vessel freight from Indian east coast will be USD 8/MT.

Indian pellet exports are gearing up due to sharp rise in pellet premium which gave Indian pellet exporters an opportunity to conclude more deals. Currently, spot pellet premium is at USD 30.5/MT for Fe 65% BF grade pellets. It is to be noted that owing to low silica-alumina rato, Indian pellet premium is lower by USD 2/MT.

Trade-wise

1. JSPL, the largest Indian pellet exporter is about to issue next tender for pellet exports in 1st week of Nov'16. However, in Oct'16 the exporter made only 2 export shipments due to lack of rake availability to them.
   
   
2. A Gujarat based pellet maker has recently concluded deal for 50,000 MT pellet deal at around USD 90-90.5/MT, CFR China
   
   
3. Arya Iron & Steel to export around 47,000 MT pellets from Dhamra Port. A vessel named "Bedford Castle" carrying 47,000 MT pellets is currently at anchorage