Vale Pellet Premium

An $8/dmt quarterly increase for Q1 was reported by miner Vale for blast furnace pellets, understood to cover a few million tons of volumes to mills in Brazil and Argentina, and some additional sales into northeast Asia under long-term contracts tied to pellet plants in Tubarao, Brazil. ... Europe pellet premium offers. A buyer in Europe on Dec ...

Pellets production totaled 8.9 Mt, slightly lower y/y. Iron ore sales reached 79.8 Mt, 5.4 Mt (+7.3%) higher y/y. ... The all-in premium totaled US$ -0.1/t¹, US$ 2.3/t lower q/q, as a result of the increase of high-silica product sales. In the 2H24, Vale expects a larger share of premium products (e.g. IOCJ and BRBF) in the sales mix, due to ...

The average realized iron ore pellets price was US$ 161.2/t, US$ 33.1/t lower y/y, mainly due to lower quarterly pellet premiums, partially offset by higher benchmark iron ore prices. 1 Iron ore premium of US$ 0.8/t and the weighted average contribution of pellet business 3.0/t. Iron ore production (3Q23 vs. 3Q22) (Mt)

The latest premiums reflect a continued widening of the DR-BF pellet premium spread from $8 in the fourth quarter of 2023 to $10 for the first quarter of 2024. Uptick in pellet premiums against wider market expectations. Most market participants were not expecting the $5-7 increase in pellet premiums for the first quarter of 2024.

The premium was assessed at $39.20/dmt CFR North China, down $1/dmt on week. ... Vale's pellet production dropped by 9.2% on year to 6.3 million mt in Q1, "as a result of lower pellet feed availability from Vale's sites mainly from Itabira and Brucutu," Vale said in its latest quarterly production report. The company expects to gradually ...

In detail, Vale's Q3 pellet production stood at 10,363,000 mt with a 16.5% rise QoQ and a 12.9% increase YoY (highest since 2018). For 9M 2024, pellet production hit 27,724,000 mt, which reflects ...

Brazilian iron ore mining firm Vale "concluded its pellet premium definition process" for the third quarter of 2023 at a $60/dry metric tonne (dmt) premium to a 65pc Fe index, up by $15/t dmt …

Vale said in a emailed statement that direct reduction premiums had been settled at $46.30/dry mt for Q1, based on premiums applied above 65% Fe fines. This is up from a $24/dmt premium for DR pellets for Q4 2020, which Vale announced in September. Vale said it settled blast furnace pellet premiums at $40/dmt for Q1, also on top of 65% Fe fines.

Pellet premiums are rising on strong demand led by DR pellets outstripping supply expansions, as levels head back toward Vale's record blast furnace premium of $62/dmt in Q3 …

Fastmarkets' iron ore DR-grade pellet premium indicator was calculated at $55 per tonne on Wednesday February 28, stable week on week. Some market participants noted a …

Market participants may be waiting for Vale's premium setting process to finalize in coming weeks, especially with Asian and Middle Eastern participants. As pellet suppliers such as Ferrexpo, Metalloinvest, Metinvest and Severstal continue to see sales and regular business ties affected by the Russian-Ukraine war, a large portion of seaborne ...

Proud to be Vale. We are made by people and for people. ... We have the capacity to produce 9 million metric tons of pellets per year, following an investment of USD 2 billion, which began in 2012. The plant has an innovative environmental management system, involving control and monitoring measures, all in accordance with local laws and ...

The purity of Vale's nickel powders and pellets makes our products ideal for specialist applications such as high nickel alloys, as well as plating and stainless steel applications. In addition, the premium nickel products refined here will serve the burgeoning electric car industry. According to a market research study published by Custom ...

Brazilian mining giant Vale <VALE5.SA> is proposing a new pricing formula for its iron ore pellet premium, based on iron content, to facilitate negotiations with customers.

The all-in premium totaled US$ 3.8/t, US$ 2.8/t lower y/y, mainly due to lower pellet premiums. Quarter on quarter, the all-in premium was slightly lower, driven by lower market premiums as steel mills have been favoring lower-grade fines due to the decline in steel margins.

demand and in the case of DR grade pellets by high grade pellet feed availability 2021 Oman pellet production will likely be 9‐10 mt, all for DR sector Prior to the Brumadinhodam rupture, we estimated Vale's pellet supply to DR sector in 2019 and 2020 at …

Sales of iron ore fines and pellets increased 6.0% q/q to 77.6 Mt. The usual production-to-sales gap in Q3 resulted from transiting inventories across the supply chain, which Vale expects to revert in the next quarter, depending on market conditions. ... Vale and ROGESA sign pellet supply agreement that points to the transformation of the steel ...

Iron ore fines and pellet sales increased by 4.4 Mt y/y, with the sale of inventories from the first semester and taking advantage of favorable market conditions. The all-in premium totaled US$ 3.8/t, US$ 2.8/t lower y/y, mainly due to lower pellet premiums.

Vale's Q3 performance was marked by record iron ore output since 4Q18 and an increase in the production guidance for 2024. ... reflecting continued improvements on operational stability and asset reliability. Pellets production totaled 10.4 Mt, 1.2 Mt (+13%) higher y/y. Iron ore sales were 81.8 Mt, up 1.3 Mt (+2%) y/y. ... The all-in premium ...

Vale said direct reduction contract pellet premiums rose to $58/dmt for Q1, up from $50/dmt in Q4, and compared with $70/dmt in Q3. Vale sells more DR pellets than BF grades, and is said to offer a limited volume of BF grade available outside its joint venture pellet plant customers and offered to plants in South America.

• The iron ore pellet premium collapsed almost 50% since July 2022 to $46/t largely driven by cuts to pig iron production in Europe (the world's largest ... to meet some of the increase in pellet demand. According to Vale, briquette will be produced using a cold agglomeration process (making it less energy intensive than pellet therefore ...

Vale will supply 4 Mtpy of iron ore agglomerates for the direct reduction route, which will be produced at the Saudi Arabian Mega Hub, in the case of briquettes, and in Oman or Brazil, for pellets. An agreement with H2 Green Steel was signed in September, to jointly study the feasibility of developing green industrial hubs in Brazil and North ...

Brazilian mining firm Vale settled its October-December blast furnace (BF) and direct-reduction (DR) pellet premiums much lower than the third quarter, as a weak economic …

Brazilian miner Vale has lowered its fourth-quarter premiums for direct-reduced (DR) and blast furnace (BF) iron ore pellets, with DR pellet premiums now at $48 per dry …

Vale told S&P Global Platts on June 4 it had defined a $62/dmt premium against 65% Fe fines CFR China pricing, for BF pellets in Q3, which is up $10/dmt from Vale's reported Q2 premiums. Vale sells limited quantities of pellets under …

Proud to be Vale. We are made by people and for people. ... Pellets production totaled 32 Mt in 2022, up 1% y/y, with an improved mix of direct reduction pellets (49% of total production vs. 41% in 2021), leveraging on the higher-quality feed and taking advantage of better market premiums. ... All-in premium totaled US$ 5.4/t. Nickel . Nickel ...

Supply tightness owing to weather disruptions in Brazil and signs of demand recovery have lifted Atlantic iron ore pellet premium settlements for the first quarter of 2024. Brazilian iron ore mining firm Vale concluded its pellet premium definition process for direct reduction (DR) pellets for the January-March quarter at a $55/dry metric tonne ...

The BF pellet premium over sinter feed (CFR China) ranged from a little over $10/ton in January-February 2016 to about $35/ton in August 2016 and went on a rampage beginning in May 2017, ... Vale's operational iron ore pellet capacity …

Rio de Janeiro, October 15th, 2024 Vale's production and sales in 3Q24 Highlights 1 Including third-party purchases, run-of-mine and feed for pelletizing plants. 2 Iron ore agglomerates guidance, including iron ore pellets and briquettes. 3 Nickel guidance was updated on September 11, 2024, to reflect the impact of PTVI deconsolidation, following the partial divestment …

Iron ore DR-grade pellet premium indicator, $ per tonne Quality: 94% of pellets <9.0mm; Fe content, base 67.5%; silica, base 1.5%; alumina, base 0.5% Quantity: Minimum 10,000 tonnes Location: All origins, all destinations Unit: USD per dry metric tonne