Seaborne iron ore concentrate, pellet prices advance amid wider market gains

Seaborne iron ore concentrate and pellet prices rose last week amid a general rebound in the market.

Fastmarkets’ weekly index for iron ore 66% Fe concentrate, cfr Qingdao rose by $6.58 per tonne to $100.55 per tonne last Friday November 22.
The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $98.30 per tonne last week, up $4.80 per tonne from an average of $93.50 per tonne a week earlier.
The daily settlement prices for the December and January 65% Fe iron ore contracts on the Singapore Exchange averaged $97.25 and $96.22 per tonne cfr respectively last week, compared with $91.20 and $90.43 per tonne cfr a week earlier.

The price movement of the concentrate index was based...


July Zhang

November 25, 2019

05:33 GMT