The weekly Metal Bulletin 65% Fe Pellet Index stood at $158.93 per tonne cfr China last Friday August 24, up $9.88 per tonne from a week earlier.
The index has increased by 43.2% from $110.97 per tonne cfr on June 8 and is at its highest in four-and-a-half years.
The implied pellet premium of $92.04 per tonne - the difference between the pellet index and the week’s average for the Metal Bulletin 62% Fe Iron Ore Index - is at an all-time high since the pellet index was first published in April 2012.
Seaborne prices for pellets have been buoyed by expectations of lower output in east China’s Jiangsu province as well as ongoing restrictions in several regions in north China.
“Pelletizing facilities in Tangshan are more built to match blast...