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India: Pellet export index falls $5/t w-o- w amid downtrend in global iron ore prices

Source: BigMint Oct 25, 2024 10:00
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Pellet Global Import/Export Price
Domestic and export realisation gap continues to widen. Weak buying interest from Chinese mills for seaborne pellets.
Pellet export prices have dropped this week driven by a decline in global iron ore fines spot and futures indices. The seaborne market has seen weak demand, as Chinese buyers have avoided buying Indian pellets.   BigMint's India pellet (Fe 63%, 3% Al) export index (FOB east coast) decreased by $5/tonne

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