Fastmarkets' MB 65% Fe Blast Furnace-grade pellet index
stood at $141.75 per tonne cfr China on Friday February 15, up from $133.94 per tonne the previous week.
On Wednesday February 13, Australian high-grade pellet feed producer Carpentaria Resources said that with increasing supply disruptions and declining grades in the high-quality iron ore sector it expects end users to focus on increasing supply diversity and the sovereign risk to its potential supply sources.
The miner said these factors will be a “significant new market pull factor for developments of its Hawsons iron ore pellet feed project” in New South Wales, Australia.
Some long-term pellet contracts for 2019 have already been signed based on Fastmarkets' MB 65% Fe Iron Ore Index
, however, the outlook for spot pellet prices remains uncertain.
The concerns about high-grade iron ore products, especially concentrates and pellets, come at...