Seaborne iron ore concentrate discounts still narrowing, pellet market slow

Seaborne iron ore concentrate prices fell last week, with narrower discounts, while pellet prices continued to edge upward despite pressure from rising port stock levels in China.

Concentrate The weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $95.32 per tonne last Friday October 18, down by $4.56 per tonne week on week. The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, averaged $95.68 per tonne last week, compared with an average of $99.28 per tonne a week earlier. The price movement of the concentrate index was based on the visible market activity detailed below, which was included in the index calculation according to the published methodology. Judgment was applied to zero-tonnage data where a coefficient update is pending. No data was discarded in the calculation of this index. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published. November-loading 65,000-tonne cargoes...

Published

July Zhang

Alex Theo

October 21, 2019

09:56 GMT

Shanghai, Singapore