Seaborne iron ore concentrate demand picks up amid domestic shortfall; pellet demand weakens

Seaborne iron ore concentrate and pellet demand were dragged down by the reduced appetite for steel products amid the ongoing novel coronavirus (2019-nCoV) outbreak.

Concentrate The weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $102.70 per tonne on Friday February 14, up by $3.63 per tonne from oa week earlier. Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $102.16 per tonne last week, up by $4.58 per tonne from an average of $97.58 per tonne in the previous week. The price movement was based on the visible market activity detailed below, which was included in the index calculation according to the 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 Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published. On...

Published

Alex Theo

February 17, 2020

06:06 GMT

Singapore