Spot pellet premiums up w-o-w:
29 May 2021, 16:40 IST
Spot premiums for Fe 65% grade pellets were assessed at $65.1/t as against $63.8/t last week. There were less seaborne pellet offers in the week with sellers staying on the sidelines, waiting for market clarity as iron ore derivatives fell during the week. Iron ore pellet contracts demand looks set to remain strong as spot iron ore premiums have widened and prices were raised to a record high in May. As per data compiled by SteelHome consultancy, pellet inventory at major Chinese ports were recorded at 3.9 million tonnes (mn t), against 3.8 mn t assessed last week.
https://www.steelmint.com/insights/china-weekly-steel-market-sees-mixed-trends-225405
Pellet Price, page-1039
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