The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index
stood at $95.27 per tonne cfr China on Friday, down by $4.02 per tonne from November 16.
The daily 65% Fe Iron Ore Index averaged $91.56 per tonne cfr China last week, compared with an average of $95.04 per tonne cfr China the previous week.
The fall in the Fastmarkets MB 66% Fe Concentrate Index (MBIOI-CO) was based on the visible market activity detailed below.
For the calculation of the MBIOI-CO, judgement was applied to carry over data in indices due to low liquidity, corresponding with published fallback measures.
Judgement was applied to...