Vale amends pricing for Southern System Fines

摘要

Vale has changed its pricingmechanism for Southern System Fines termcargoes, setting a premium of $1.50/dry mt toan IODEX-based matrix for February and Marchafter selling at parity to the same matrix for along time, term buyers said Friday.Vale will now adjust the differential on amonthly basis rather than leaving it fixed at thematrix level, sources with term contracts withthe miner said.