Fastmarkets' MB 65% Fe Iron Ore Pellet Index (MBIOI-PT) was $152.47 per tonne cfr China on Friday, down by $3.16 per tonne from a week earlier.
The fall in the MBIOI-PT is based on the visible market activity detailed below.
A 65% Fe Indian KIOCL pellet cargo, with 1.6% alumina, was traded at around $153 per tonne cfr early last week.
A trader in Singapore gave a price indication for the product of below $150 per tonne cfr later in the week, however.
Offers for 64% Fe Indian Jindal, or BRPL, pellets were heard at just above $140 per tonne cfr, while tradeable levels were said...