More pellet trades being priced against Fastmarkets' 65% Fe iron ore index

The Fastmarkets index for 65% Fe iron ore has been experiencing a higher rate of adoption for spot transactions of pellets in the seaborne market in recent weeks.

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...

Published

Alex Theo

October 18, 2019

09:20 GMT

Singapore