Strong premiums for seaborne iron ore concentrate, pellets

Prices for seaborne iron ore concentrate and pellets were largely steady last week, though premiums gained some strength.

Concentrate
Fastmarkets’ weekly index for iron ore 66% Fe concentrate, cfr Qingdao was at $103.99 per tonne last Friday December 6, little changed from $104.11 per tonne a week earlier.
The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $100.18 per tonne last week, down $0.36 per tonne from an average of $100.54 per tonne a week earlier.
The daily settlement prices for the January and February futures contracts for 65% Fe iron ore on the Singapore Exchange averaged $99.57 per tonne cfr China and $98.85 per tonne cfr respectively last week, compared with $99.35 per tonne cfr and $98.42 per tonne cfr a week earlier.

The price movement of the concentrate index was based on visible market activity detailed below, which was included in the index calculation according to published methodology. No data was discarded...

Published

July Zhang

December 09, 2019

07:03 GMT

Shanghai