Seems like the market is now taking a dim view on the pellet premiums holding up.
65% Brazilian pellet(Foreign Quote) index was $160 yesterday down $6.50 from Friday.
65% Pellets Seaborne index(fines & premium combined) was $163.55 yesterday down $2.85 from Thursday. This is the index that I believe Grange use.
Still very healthy but maybe more falls to come.
Seems like the market is now taking a dim view on the pellet...
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