{"id":1503,"date":"2017-09-17T14:48:05","date_gmt":"2017-09-17T14:48:05","guid":{"rendered":"http:\/\/kjtehrani.com\/en\/?p=1503"},"modified":"2017-09-17T19:00:08","modified_gmt":"2017-09-17T19:00:08","slug":"india-jindals-pellet-export-tender-receives-bids-above-market-expectation","status":"publish","type":"post","link":"https:\/\/kjtehrani.com\/en\/india-jindals-pellet-export-tender-receives-bids-above-market-expectation\/","title":{"rendered":"Impact of China Presidency Election on Pellet and Iron Ore Prices"},"content":{"rendered":"<p style=\"text-align: justify;\">Jindal steel and power ltd (JSPL) has managed to receive response above market expectation for its 50,000 MT pellet export tender which expired today. Company had recently offered this cargo via an e-auction for mid October shipment.<\/p>\n<p style=\"text-align: justify;\">Jindal steel received highest bid for its 50,000 MT pellet export tender at around USD119\/MT, CFR China. These prices are above market expectation as index has dropped in last few trading sessions. Current index for 62% Fe iron ore \ufb01nes is at around USD 69.5 \/MT, CFR China for November and USD 70.95 \/MT, CFR China for October.<\/p>\n<p style=\"text-align: justify;\">This deal may increase the pellet premium in China. Last premium was at around USD 41- 42\/DMT, CFR China. This deal may push the premium at around USD 45-46\/DMT, CFR China.<\/p>\n<p style=\"text-align: justify;\">&#8220;Jindal has received fairly good bid based on index. We are getting an indication of USD 116-117\/MT, CFR China&#8221;, said one of the trader based in India.<\/p>\n<p style=\"text-align: justify;\">Last deal by Jindal steel was settled at around USD 121.5\/MT for September end to early October shipment when index was USD 78\/MT for 62% Fe iron ore \ufb01nes on CFR China basis.<\/p>\n<p style=\"text-align: justify;\">Jindal is one of the largest pellet producer in India with an annual capacity of 9 million tonnes. Company exported 1.43 MTpellets during Jan\u2014Aug\u201917.<\/p>\n<p style=\"text-align: justify;\"><strong>Demand for high grade ore remains intact in China<\/strong><\/p>\n<p style=\"text-align: justify;\">The reduced use of sinter and environmental control policies in China have forced the industry buying turn to the better quality feeders to curb the hazardous levels of pollution. Moreover according to reports Beijing in its efforts to look green before &#8220;The National People&#8217;s Congress&#8221; in Oct\u20191 8 is believed to have ordered the mills to cut down on their sintering units nearby the capital, which has forced them to evaluate the other options like lump or pellet as feeders.<\/p>\n<p style=\"text-align: justify;\">The Chinese manufactures are using high grade material to mitigate the increased coking coal prices as well resulting in favor of Indian pellet exporters. The increased demand from China for high grade material has pushed the pellet prices to its record high in India.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1504 aligncenter\" src=\"http:\/\/kjtehrani.com\/en\/wp-content\/uploads\/2017\/09\/IMG_20170917_180742.jpg\" alt=\"IMG_20170917_180742\" width=\"632\" height=\"304\" \/><\/p>\n<p><strong>Source Steel Mint powered by Keyvan Jafari Tehrani (JTC)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jindal steel and power ltd (JSPL) has managed to receive response above market expectation for its 50,000 MT pellet export tender which expired today. Company had recently offered this cargo via an e-auction for mid October shipment. Jindal steel received highest bid for its 50,000 MT pellet export tender at around USD119\/MT, CFR China. These [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,21],"tags":[48,50,53,65,45,47],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Impact of China Presidency Election on Pellet and Iron Ore Prices - Keyvan Jafari Tehrani<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kjtehrani.com\/en\/india-jindals-pellet-export-tender-receives-bids-above-market-expectation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Impact of China Presidency Election on Pellet and Iron Ore Prices - Keyvan Jafari Tehrani\" \/>\n<meta property=\"og:description\" content=\"Jindal steel and power ltd (JSPL) has managed to receive response above market expectation for its 50,000 MT pellet export tender which expired today. Company had recently offered this cargo via an e-auction for mid October shipment. Jindal steel received highest bid for its 50,000 MT pellet export tender at around USD119\/MT, CFR China. 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He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. 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He has been exporting minerals and steel value chain products especially iron ore, concentrate, HBI, steel products to various markets, but mainly to China and ASEAN countries, for about 26 Years. He has 36 years solid experience in the field of mining production &amp; export of commodities. He was a Member of the Board &amp; Head of International Affairs of IROPEX (Iranian Iron Ore Producers &amp; Exporters Association) from 2012 up to 2017. Keyvan has a Bachelor degree in Electronic Engineering, Masters degree in Medical Engineering and MBA and Phd. in Radiology from Iranian Reputable Universities and numerous post-graduation courses in Mining, Steel &amp; Management Fields from Iranian &amp; Foreign Universities. Currently, he is a Professor &amp; Senior Analyst in International Economy and Commodities and has numerous articles published in Iranian &amp; International Websites, News Agencies &amp; Media. 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