Fastmarkets’ assessment of the iron ore DR-grade pellet premium, Middle East reference
, remained at $39 per tonne on Monday December 31, unchanged from November 29
Fastmarkets’ index for iron ore 65% Fe, Brazil-origin fines, cfr Qingdao
, which is used as the basis for pellet premium contracts, averaged $102.71 per tonne in December, up from $96.10 per tonne in November.
The negotiations for the first-quarter shipments were expected to conclude around mid-January.
“The market remains pessimistic, and for the first quarter of 2020 it is...