Seaborne iron ore concentrate prices soften, but pellet market steady

Prices for seaborne iron ore concentrate dipped last week amid a wider retreat in the market for the steelmaking raw material, though those for pellets fended off the downward pressure.

Concentrate
The weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $107.93 per tonne last Friday December 20, down by $1.64 per tonne week on week.
The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, averaged $103.60 per tonne last week, down $0.76 per tonne compared with an average of $104.36 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 $103.79 per tonne cfr China and $103.11 per tonne cfr respectively last week, down from $104.29 per tonne cfr and $103.58 per tonne cfr a week earlier.
The price movement of the concentrate index was based on visible market activity detailed below, which was included for calculation according to published methodology.

No data was discarded in...

Published

July Zhang

December 23, 2019

06:50 GMT

Shanghai