Seaborne iron ore concentrate, pellet prices rangebound on limited demand

The seaborne iron ore concentrate and pellet markets were little changed in the week ending Friday January 18, mainly due to limited buying activity in China.

Concentrates The weekly MB 66% Fe Iron Ore Concentrate Index stood at $92.89 per tonne cfr China last Friday, up by $0.25 per tonne from January 11. The daily MB 65% Fe Iron Ore Index averaged $88.34 per tonne cfr China last week, compared with an average of $88.24 per tonne cfr China the previous week. The increase in the concentrate index was based on the visible market activity detailed below. For the calculation of the index, judgment was applied to remove data points pertaining to a brand not seen traded on spot basis for several months, pending...

Published

July Zhang

Alex Theo

January 21, 2019

09:27 GMT

Shanghai, Singapore