Fastmarkets has corrected its weekly iron ore implied pellet premium over 65% Fe Brazil-origin fines index, which was published incorrectly on Thursday December 31 due to a calculation error.
Fastmarkets' weekly index for
iron ore implied pellet premium over 65% Fe Brazil-origin fines, cfr Qingdao, $/tonne (MB-IRO-0150) should have been $39.93 per tonne, instead of $40.13 per tonne as it was previously published.
Fastmarkets' pricing database, MInD, has been updated to reflect this change.
For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to this index, please contact Peter Hannah by
email at: pricing@fastmarkets.com. Please add the subject heading 'FAO: Peter Hannah re: iron ore implied pellet premium.'
To see all Fastmarkets' pricing methodology and specification documents, go to
www.metalbulletin.com/prices/pricing-methodology.