Seaborne iron ore concentrate prices dip slightly, pellet market largely rangebound

Seaborne iron ore concentrate prices fell slightly last week, while pellet prices appeared to be rangebound with Chinese buyers still buying cargoes at prices relatively similar to the previous week.

Concentrate
Fastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao was $93.97 per tonne on Friday November 15, down by $1.03 per tonne week on week.
And Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, averaged $93.50 per tonne last week, compared with an average of $92.30 per tonne a week earlier.
Daily settlement prices for the December 65% Fe iron ore contract on the Singapore Exchange averaged $91.20 per tonne cfr last week, slightly lower than the previous week's $92.24 per tonne cfr.

The price movements were based on the visible market activity detailed below, which was included in the calculations according to the...

Published

Alex Theo

November 18, 2019

09:24 GMT

Singapore