India: 20,000 MT Mill Scale Export Vessel from Kandla Port
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As per SteelMint data new mill scale export vessel of 20,000 MT is recorded at Kandla port. This is estimated to be 10th bulk mill scale export vessel in CY 2017.
Vessel MV Le Chang is expected to be berthed today at Kandla port, 2nd vessel MV Blue Ocean to load 25,000 MT Mill Scale from Vizag Port and as per sources the cargo belongs to KK Enterprises.
India exported 229,020 MT mill scale till 17 May'17 against 240,000 MT in CY2016. Only 8 export vessels of mill scale were recorded in CY 2016 against 10 till May'17.
Falling spot iron ore prices in China (8 month low) have reduced the number of export shipments in April from India. In Apr'17 only 40,700 MT cargos were exported against 104,820 MT in Mar'17.
Presently mill scale (Fe 70/68%) export offers from India are around USD 40-41/MT, FoB India, which is equivalent to USD 62/MT, CFR China.
Mill Scale Bulk export in CY2017
| DATE | PORT | VESSEL NAME | QUANTITY | SHIPPER | LAST PORT |
| 13-Jan | CHENNAI | BRIGHT RAINBOW | 20,000 | INDEPENDENT MINERALS | CHINA |
| 04-Feb | KANDLA | HAN REN | 18,500 | N/A | CHINA |
| 24-Mar | KANDLA | TENTO | 52,500 | KK ENTERPRISES | JAPAN |
| 27-Mar | KANDLA | BRIGHT RAINBOW | 27,320 | N/A | N/A |
| 31-Mar | KANDLA | HAI PHONG 26 | 25,000 | BAGADIYA BROTHERS | CHINA |
| 18-Apr | HALDIA | VINALINES FREEDOM | 10,000 | HALLPARK CONSULT | CHINA |
| 05-Apr | VIZAG | TENWA MARU | 10,000 | BAGADIYA BROTHERS | CHINA |
| 06-Apr | KANDLA | LE RONG | 20,700 | N/A | CHINA |
| 16-May | KANDLA | LE CHANG | 20,000 | N/A | CHINA |
| 20 MAY | VIZAG | BLUE OCEAN | 25,000 | KK ENTERPRISES | CHINA |
| Total | 229,020 |
Qty in MT
Source: SteelMInt Stats, Custom
Provisional Data
