Seaborne iron ore pellet, concentrate buying improves amid high-grade recovery

The transaction prices and volumes of seaborne iron ore pellets and concentrate picked up in the week to Friday April 12 due to recovering demand for high-grade materials from Chinese steelmakers.

Fastmarkets’ weekly MB 65% Fe Blast Furnace Pellet index was at $127.50 per tonne cfr China on Friday, up by $1.37 per tonne from a week earlier.
While an unspecified brand of 64% Fe Indian pellet was sold at $115 per tonne cfr early last week, three cargoes of 64% Fe BRPL pellet traded at $117 per tonne cfr late in the week, a trader in Beijing told Fastmarkets.
Transactions also took place at $119 per tonne cfr late last week, including for 64% Fe Jindal pellet, sources said.
An offer for 64% Fe Rashmi pellet was made at $119 per tonne cfr, while a bid came in at $118 per tonne cfr, a broker said.

A trader in Singapore estimated a workable price at $128 per tonne cfr for 64% Fe...


July Zhang

April 15, 2019

10:40 GMT