Pellet premiums may rise less than first indicated: Jefferies

摘要

Iron ore pellet premiums maysee settlements for new contracts withsmaller increases than first indicated, saidinvestment bank Jefferies Monday.“Expectations have fallen markedly for2019 annual Atlantic Basin pellet contracts,which Cleveland-Cliffs noted at the time ofQ3 results could range from $70-100/mt,”Jefferies analysts led by Seth Rosenfeldsaid in a note.Market talk currently cites contract blastfurnace pellet premiums settling at around$70/dry mt for 2019, up from $58/dmt in2018 references, the bank said.