The seaborne iron ore pellet and concentrate markets regained some strength last week, and prices are expected to rise further this week after participants return from a break for Labor Day in China.
PelletsThe weekly Fastmarkets MB 65% Fe Blast Furnace Pellet Index was at $128.18 per tonne cfr China last Friday May 3, up by $1.27 per tonne from a week earlier.Some traders received word that a cargo of 64% Fe Indian BRPL pellets had been traded at around $118-119 per tonne cfr China.A cargo of 64% Fe Indian Jindal pellets was also heard to have changed hands at around $118-119 per tonne cfr.Additionally, a shipment of 63.5% Fe Indian Hira pellet was heard to have been traded at $120.50 per tonne cfr.A mill source said...