Seaborne iron ore concentrate, pellet prices move up with wider market

Seaborne iron ore concentrate and pellet prices rose along with the wider market for the steelmaking raw material last week, with premiums largely maintaining their stability.

The weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $109.57 per tonne last Friday December 13, up $5.58 per tonne from a week earlier.
The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $104.36 per tonne last week, up $4.18 per tonne compared with an average of $100.18 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 $104.29 per tonne cfr China and $103.58 per tonne cfr respectively last week, up nearly $5 per tonne from $99.57 per tonne cfr and $98.85 per tonne cfr a week earlier.

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


July Zhang

December 16, 2019

07:22 GMT