Seaborne iron ore pellet prices roll ahead, concentrate premiums weaken

Seaborne iron ore pellet price gains overshadowed those in other segments of the steelmaking raw material last week, while premiums for magnetite concentrate weakened.

The weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $109.47 per tonne last Friday January 10, up by $1.78 per tonne from a week earlier.
The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $107.14 per tonne last week, up by $2.66 per tonne from an average of $104.48 per tonne a week earlier.
The price movement of the concentrate index was based on visible market activity detailed below, which was included in its calculation according to published methodology. No data was discarded in the calculation of these indices. Any data received under Data Submitter Agreements or subject to a confidentiality request is not published.

Two February-arrival Capesize cargoes of 65% Fe Ukrainian low-sulfur concentrate were sold at the average of a 65%...


July Zhang

January 13, 2020

05:34 GMT