Seaborne iron ore pellet prices have fallen - as was expected by market participants - while demand for pellet cargoes in China eased due to the looser restrictions imposed on steel mills for November.
The MB 65% Fe Iron Ore Pellet Index, published by Fastmarkets MB, was at $155.63 per tonne cfr China on Friday October 19, down by $4.91 per tonne from a week earlier.The fall in the MB 65% Fe Iron Ore Pellet index (MBIOI-PT) was based on the visible market activity detailed below.Data was included in the index calculation according to the published methodology. Any data received under Data Submitter Agreements or subject to a confidentiality request were not be published. No data was discarded in the calculation of these indices.A 65% Fe Indian KIOCL pellet cargo was heard to have traded at around $162-164 per tonne cfr.Yet, a trader in Singapore told Fastmarkets he was...