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Indian pellet exports up 33% in Nov’19

According to data maintained with SteelMint, Indian pellet export volumes in Nov'19 recorded at 1.17 MnT, up 33% on a monthly basis as against 0.89 MnT a month ago. However, on yearly basis, pellet exports increased by 13% as compared to 1.04 MnT in Nov’18.
Why Indian pellet export volumes picked up in Nov’19? 1. Fall in Chinese port inventories: The fall in Chinese inventories favored Indian exports. As per data compiled by SteelHome consultancy, Iron ore inventory at major Chinese ports dropped to 129. 4 MnT towards Nov’19 end as against 131.65 MnT assessed towards end of Oct’19. Pellet inventory

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