Earlier this month, Brazilian miner Vale sold a 170,000-tonne cargo of 66.5% Fe AF80 pellets
from its operations in Oman against Fastmarkets’ index for 65% Fe Brazil-origin fines, cfr Qingdao
This week, two other transactions were also concluded against the index.
On Wednesday October 16, Vale sold 140,000 tonnes of Vale’s 65.18% Fe AF73 Sao Luis BF Acid pellets
against the Fastmarkets index.
The next day, the Brazilian miner again used the index to price a 120,000-tonne cargo of 67.78% Fe Pellet Feed Fines...