Prices I have just looked at from a report.The 2007 International contract price of DR grade Pellet was in the order of $110-120 tonne,this in fact was low in the pellets price cycle with the high ends touching $125-130 tonne only recently.The 2008 prices are expected to be higher by at least 35-50 per cent.
The same large report also said. Recently,in the tight iron ore market,pellets demand shot up sharply and prices rose to extraordinary levels of about $130 per tonne on fob basis compared to the fines prices of about $50 per tonne on fob basis. It is generally held that pellets business is good with self mined ores and not for those who have to buy the ores from others.
Regards Westcott.
SDL Price at posting:
13.5¢ Sentiment: None Disclosure: Held
