Fastmarkets’ index for iron ore 66% Fe concentrate, cfr Qingdao
stood at $109.83 per tonne last Friday June 26, down by $2.67 per tonne from $112.50 per tonne a week earlier
Sources said demand for seaborne concentrate was subdued during the week due to the availability of cheaper alternative materials.
“The upward space for seaborne concentrate is limited because it can be easily replaced by lump or domestic concentrate in China, which are cheaper,” a buyer source in southern China said.
Sources said that an expected increase in the supply of high-grade iron ore fines in the spot market could...