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.

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.

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July Zhang

December 23, 2019

06:50 GMT