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...