Ferrexpo concludes first Globalore deal on Fastmarkets 65% Fe fines index

Ukrainian pellet producer Ferrexpo has sold its first ever blast furnace pellet cargo on Globalore at a premium of $25 per tonne over Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, January average.

The 90,000-tonne cargo of 65% Fe blast furnace pellets has a loading laycan of December 18-27.
The sale marks increasing transparency in the high-quality blast furnace pellet segment since Globalore launched its standard pellet contract in June 2020.
The Ukrainian miner was last known to have placed an offer on the trading platform on August 5 for a similar cargo with laycan of August 21-30. The offer was made at the October average of Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, plus a premium of $13.50 per tonne, and a bid was made at a premium of $7.50 per tonne but no transaction was concluded.

Ferrexpo sold...

Published

Alex Theo

November 19, 2020

12:24 GMT

Singapore