Restrictions on sintering and pellet output to reduce pollution in China, along with high mill margins, have led to iron ore pellet premiums rising as mills favour the least-polluting material tomaintain output and meet emissions targets.
PelletsMetal Bulletin's 65% Fe Blast Furnace Pellet Index was at $114.48 per tonne for the week ending Friday June 22, up $2.44 per tonne - or 2.2% - from $112.04 per tonne a week earlier. A 50,000-tonne June-delivery cargo of 64% Fe Jindal pellets changed hands at $112 per tonne cfr China last week, while a 52,000-tonne June shipment of 64% Fe Ardent pellets with 3.3% alumina was traded at $109.50 per tonne cfr China, according to sources.Indian pellets were heard traded at increasingly higher prices at ports in north China's Tangshan city last week, with a transaction reported at 885 yuan per wet metric tonne (wmt) on Friday, equivalent to just above...