Prices for seaborne iron ore concentrate, pellets fall amid Chinese holiday

Trading activity for seaborne iron ore concentrate and pellets was limited last week due to Chinese holidays on Thursday and Friday.

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...

Published

Zihao Yu

June 29, 2020

09:10 GMT

Singapore