Seaborne iron ore concentrate, pellet trading still inactive

The seaborne iron ore concentrate and pellet markets remained muted in the week ended on Friday April 5 despite the surges in iron-ore fines prices.

Concentrate Fastmarkets’ weekly MB 66% Fe Iron Ore Concentrate Index stood at $104.12 per tonne cfr China on Friday April 5, up by $7.39 per tonne from March 29. Fastmarkets’ daily MB 65% Fe Iron Ore Index averaged $103.64 per tonne cfr China last week, rising by $6.64 per tonne from an average of $97 per tonne cfr China the previous week. The concentrate index continued to sit below the weekly average 65% index on an Fe-adjusted basis. For the calculation of the MBIOI-CO, judgment was applied to carry over data in this week’s index due to low liquidity in the seven-day pricing window, corresponding with published fallback measures. Fixed...

Published

July Zhang

April 09, 2019

10:10 GMT

Shanghai