Its worth looking at Vale's latest Quarterly report. It shows that the average iron ore pellet price received was US$114.7/tonne, this is actually down from the 1st Qtr which was US$120.8/tonne.
http://www.vale.com/en/investors/information-market/quarterly-results/pages/default.aspx
I would assume that Vale's prices are CIF rather than FOB as quoted by Grange. The average price may actually be down for Grange for this quarter .
Its worth looking at Vale's latest Quarterly report. It shows...
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