Ferrosilicon Daily Express 12.16

  • Wednesday, December 16, 2020
  • Source:ferro-alloys.com

  • Keywords:ferrosilicon,futures,spot
[Fellow]The settlements for BF-grade pellet premiums are double the $20/dmt premium in the previous quarter and 93pc higher than $24/dmt for DR-grade pellets.
[Ferro-Alloys.comBrazilian mining firm Vale has settled its 2021 first-quarter pellet premiums for blast furnace (BF)-grade pellet at $40/dry metric tonne (dmt) over a 65pc Fe index, while direct reduction (DR)-grade pellet has settled at $46.30/dmt.

The settlements for BF-grade pellet premiums are double the $20/dmt premium in the previous quarter and 93pc higher than $24/dmt for DR-grade pellets.

Quarterly iron ore pellet premium contracts are largely settled between Vale and ex-China buyers on a floating basis. The price increases have been driven by a post-Covid-19 rebound in global steel output and demand that has tightened supplies of iron ore in seaborne markets and steel supplies in Europe, a major buyer of Vale pellet.

Most of Vale's pellet is sold into Europe, so the higher premium is about its post-Covid-19 recovery, an east China iron ore trader said. Pellet demand is also higher in China during the seasonal winter increase, he said.

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China Ferro-Alloys Industry Annual Conference & Market Outlook of Manganese, Chrome, Nickel Ore & Ferroalloys

Dec. 23, 2020 Beijing China

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  • [Editor:kangmingfei]

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