Seaborne iron ore pellet premiums slip on weaker buying interest

Pellet prices in the CFR China market reversed a monthlong rally in the trading week ended Friday December 1 amid a dip in buying interest for pellet cargoes from Chinese end users, sources told Fastmarkets.

An increase in offers for December- and January-arrival pellet cargoes further pressured pellet premiums lower, sources said.
Key drivers

Buying appetite in the seaborne pellet market slipped amid weaker procurement...

Published

Norman Fong

December 01, 2023

13:24 GMT

Singapore