Iron ore pellets firm on rising China demand

摘要

The seaborne iron ore pelletmarket continued to firm this week withdemand rising in China. Buying appetiteappeared high in other northeast Asiancountries as well.Platts assessed the spot blast furnacepellet premium to the 62% Fe Iron Ore Index orIODEX assessment at $63.75/dmt CFR NorthChina after adjustment on a 65% Fe basisWednesday, up $1.80/dmt on the week.