High-grade iron ore premiums surge on ioCJ deals

摘要

London—High-grade iron ore pricesregained stronger premiums Friday as 65%Fe fines spot trades by Vale at the end of theweek achieved progressively higher prices.Vale sold two IOCJ 65% Fe fines cargoesof 170,000 mt apiece from its Malaysianterminal Friday.The first trade at $109.50/dmt CFRQingdao was for loading between May6-15 at Teluk Rubiah terminal in Malaysia,followed by a $110/dmt CFR China trade forMay 10-19 loading from the same terminal.Both cargoes were specified with silica at