Indian Pellet Exports Drop 32% in July
Mining News Pro - According to the vessel line up data maintained with SteelMint, Indian pellet exports for the month of Jul`18 witnessed a decline of 32% to 0.56 MnT, as against May`18 exports at 0.83 MnT in Jun’18. Availability of rakes in eastern India remained a constraint for material transport from plants to ports resulting in fall in export volumes.
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Indian pellet export price assessment increased from USD 101/MT, FoB India in Jun`18 to USD 112/MT, FoB India in Jul`18.

On yearly basis, pellet exports decreased by 18% as compared to 0.68 MnT in Jul`17.
However, in the first four months (Apr-Jul) of FY’19 Indian pellet export moved up slightly to 2.39MnT as compared to 2.36MnT in the same period last year (Apr-Jul’17).

BRPL pellet exports increased significantly in Jul’18 -:

BRPL stood the largest exporter for the month of July`18 at 0.29MnT (up 26% M-o-M), accounting 51% of total Indian iron ore export share, followed by KIOCL at 0.17MnT (down by 30%), Jindal SAW at 0.06 MnT and JSPL 0.05 MnT.

India`s pellet exports to China decreased 32% M-o-M

China continued to be the largest importer of Indian pellet in Jul`18 with imports at 0.33 MnT, down 32% M-o-M as against 0.49 MnT in Jun`18. Vietnam stood the second largest importer at 0.06 MnT followed by South Korea at 0.06 MnT.

Country wise Pellet Exports-:

Country

Jul`18

Jun`18

M-o-M (%)

China

0.33

0.49

-32%

Vietnam

0.06

-

100%

South Korea

0.06

0.05

10%

UK

-

0.12

-100%

Netherlands

-

0.07

-100%

Japan

-

0.05

-100%

Others

0.11

0.05

120%

Grand Total

0.56

0.83

-32%

Port-wise Indian pellet exports :

Pellet exports from Paradip port recorded highest in Jul`18 at 0.28MnT, down 36% M-o-M, followed by Mangalore port at 0.17 MnT (down 30% M-o-M) Dhamra port at 0.06 MnT (down 44% on monthly basis) and Mundra port at 0.05MnT (up by 10% M-o-M).

 


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