In January-February the major exporter of iron ore pellets in the CIS countries was Poltava Mining And Processing Works (PGOK, controlled by Ferrexpo). The company exported 1.81 million tons of pellets to Europe, Near East, Japan and China.
Russian export prices are down by $10.
In February Ukraine produced 5944 thousand tons of iron ore and iron ore concentrate, down by 10.1%, or by 668 thousand tons, MoM.
Ferrexpo plc, whose main assets are Ukrainian iron ore producers Poltava and Yeristovo Mining and Processing Works (PGOK and EGOK respectively), edged commercial iron ore pellet production down by 0.16% YoY in February, to 1.875 million tons.
Ukrainian export prices are down by $16-20, Russian – by $5.
In January Ukraine produced 6612 thousand tons of iron ore and iron ore concentrate, up by 7%, or by 431 thousand tons, MoM.
In January Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works (PGOK and EGOK), increased its pellets output by 2.5%, to 1.01 million tons, YoY. At the same time concentrate production went down by 4.5%, to 1.143 million tons.
Month Russian market, $/t, $1/RUR56.258* Ukrainian market, $/t, $1/UAH15.769* Export, Ukraine, $/t, DAF Ukrainian border Export, Russia, $/t, DAF Russian border min min min min min max min max November 38.04 38.04 66.06 70.02 75.00 95.00 80.00 85.00 December 44.22 44.22 76.10 84.56 75.00 95.00 85.00 95.00 * – Ukrainian Hrivna and Russian Rouble exchange…