Indian Pellet Export Market Sentiments Continue to Remain Weak

Lack of firm bids from China over lowered buying interest kept Indian pellet export market sentiments slow this week too. Traders reported no trades from India.

Offers from Indian pellet makers were heard around USD 115-118/MT, CFR China for 3% Al pellets, however bids were very limited heard around USD 115/MT, CFR China.

Indian pellet trade prices weakened this week to RMB 940/MT in China this week against RMB 960/MT last week.

Indian pellet export market awaits clarity. KIOCL's pellet export tender for 50,000 MT is due today.