Seaborne iron ore pellet, concentrate markets mixed

March 12, 2019 / www.metalbulletin.com / Article Link

Seaborne iron ore pellet and concentrate prices were mixed last week amid persistently lackluster demand.

PelletsThe Fastmarkets MB 65% Fe Blast Furnace Pellet index was at $127.52 per tonne cfr China last Friday March 8, down by $3.12 per tonne from a week earlier.A tender for 64% Fe Indian KIOCL pellets was concluded around $115-117 per tonne fob. Traders said workable prices for this product on a cfr China basis were around $126-130 per tonne. Offers for 64% Fe Indian Jindal pellets were heard around $118 per tonne cfr China and bids, at $115 per tonne cfr. The product was offered at $124 per tonne cfr a week earlier.While 64% Fe Indian Ardent pellets were offered at $122 per tonne cfr, other Indian materials with about 3% alumina - including 64% Fe BRPL pellets - were said to be tradeable around $114 per tonne cfr, sources said.In the preceding week, BRPL pellets were expected to fetch $122-124 per tonne cfr.A Chinese trader said 65% Fe...

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