India: KIOCL Concludes 50,000 MT Pellet Export Deal

Southern India based pellet maker - KIOCL has concluded pellet export deal today (i.e 04th Oct'19). The company concluded 50,000 MT pellets consisting of Fe 64% content with less than 2% alumina. As per the sources, the deal was concluded at around USD 100/MT, FoB India. However, the country's destination was not received at the time of publishing this report.

Last week, Durgapur based pellet maker had concluded a pellet export deal to China for regular grade pellet (Fe 64% and 3% alumina) at around USD 106-107/MT, CFR China (equivalent to USD 93/MT, FoB India).

After observing a few weeks of silence, the Indian pellet export market had observed some movement. Though, the Chinese steel market remains silent amid observing national holidays in 1st week of Oct'19.