Iron ore pellet prices dip after loose restrictions imposed on mills

Seaborne iron ore pellet prices have fallen - as was expected by market participants - while demand for pellet cargoes in China eased due to the looser restrictions imposed on steel mills for November.

The MB 65% Fe Iron Ore Pellet Index, published by Fastmarkets MB, was at $155.63 per tonne cfr China on Friday October 19, down by $4.91 per tonne from a week earlier. The fall in the MB 65% Fe Iron Ore Pellet index (MBIOI-PT) was based on the visible market activity detailed below. Data was included in the index calculation according to the published methodology. Any data received under Data Submitter Agreements or subject to a confidentiality request were not be published. No data was discarded in the calculation of these indices. A 65% Fe Indian KIOCL pellet cargo was heard to have traded at around $162-164 per tonne cfr. Yet, a trader in Singapore told Fastmarkets he was...


Alex Theo

October 22, 2018

10:00 GMT