You can bet that IO pellet prices are closing in on US$115/tonne
IRON ORE PRICES: Benchmark index homes in on $80 per tonne cfr China
Iron ore prices almost breached the $80-per-tonne level on Monday August 21 following a big rebound in the billet market coupled with an active derivatives market for the steelmaking raw material.
Metal Bulletin’s 62% Fe Iron Ore Index Today: $79.81 per tonne cfr Qingdao Daily change: up by $1.87 per tonne Month-to-date average: $75.07 per tonne Metal Bulletin’s 58% Fe Premium Index Today: $65.04 per tonne cfr Qingdao Daily change: up by $0.26 per tonne Month-to-date average.
Pellet price, page-35
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