More seaborne iron ore concentrate traded at premium, pellets stay soft

More seaborne iron ore concentrate brands turned from discount to premium against the index last week, while the pellet segment remained weak.

Concentrates Fastmarkets’ weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $95.02 per tonne on Friday October 25, down $0.30 from a week earlier. The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, averaged $95.24 per tonne last week, down $0.44 per tonne from an average of $95.68 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 discard data points relating to brands without up to date coefficients, pending the next quarterly normalization update. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published. A late-October-loading 170,000-tonne cargo of 65% Fe Ukrainian...


July Zhang

October 28, 2019

12:26 GMT