Iron Ore Pellet - Strong Chinese Demand, Supply Constraints In Brazil Drive Current Rally In Prices: ICRA
A worker holds a handful of iron ore pellets at an iron ore mine in Poltava, Ukraine. (Photographer: Vincent Mundy/Bloomberg)  

Iron Ore Pellet - Strong Chinese Demand, Supply Constraints In Brazil Drive Current Rally In Prices: ICRA

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICRA Research Report

China is the world’s largest importer of iron ore pellets, accounting for 23% of the total seaborne pellet trade between CY2016 and CY2020.

On the other hand, Brazil is the largest exporter, accounting for 25% of total pellet exports during this period.

Chinese pellet imports surged in CY2020 following the restraints on sintering activities by the Chinese Government to curb carbon emissions.

China imported 45.0 million tonne pellets in CY2020 against 32.6 million tonne in CY2019.

On the other hand, Brazil reported a fall in pellet exports to 15.5 million tonne in CY2020 from 24.4 million tonne in CY2019 due to continued supply-side constraints as an aftermath of the tailing dam disaster , thereby resulting in a 4% contraction in global supplies.

Click on the attachment to read the full report:

ICRA Pellet thematic.pdf

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