Singapore—Seaborne prices for iron ore pellets continued to rise on speculative buying interest. S&P Global Platts assessed the spot blast furnace pellet premium to the 62% Fe Iron Ore Index assessment at $51.25/dry mt CFR North China on Jan. 20, up $4.60/dmt from Jan. 13, after adjusting to a 65% Fe basis. The 64% Fe blast furnace pellet was assessed at $211/dmt CFR North China on Jan. 20, up $5/dmt week on week. The premium was assessed at $39.90/dmt CFR North China, up $4.60/dmt on the week.
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