Seaborne iron ore concentrate, pellet prices retreat further

Seaborne iron ore concentrate and pellet markets continued to face low liquidity and falling prices in the week to Friday March 1, given limited demand from China for high-grade materials.

Concentrates The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $96.94 per tonne cfr China last Friday, down by $6.03 per tonne from February 22. The daily Fastmarkets MB 65% Fe Iron Ore Index averaged $96.36 per tonne cfr China last week, compared with an average of $100.18 per tonne cfr China the previous week. Market participants heard that a 66% Fe Minas Rio concentrate cargo had traded at the April average of a 65% Fe index, adjusted for Fe content. And a Capesize cargo...

Published

July Zhang

Alex Theo

March 04, 2019

11:40 GMT

Shanghai, Singapore