Seaborne iron ore concentrate, pellet prices rise alongside strengthening fines market

Seaborne iron ore concentrate and pellet prices surged in the week to Friday July 17, inspired by higher prices for mid- and high-grade fines, traders told Fastmarkets.

Fastmarkets iron ore indices
66% Fe concentrate, cfr Qingdao:
 $119.24 per tonne, up $6.63 per tonne from $112.61 per tonne a week earlier. 
65% Fe blast furnace pellet, cfr Qingdao: $128.28 per tonne, up $8.11 per tonne from $120.17 per tonne a week earlier.
Weekly average for 65% Fe Brazil-origin fines, cfr Qingdao: $122.68 per tonne, up $5.68 or from $117 per tonne the previous weekly average.
Key drivers

Rising fines prices were the main driver of the higher concentrate prices, with the weekly average of Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao on Friday, up by $5.68 per tonne, or 4.85%, compared with the previous week's $117 per tonne. Fastmarkets’ 62% Fe fines, cfr Qingdao index, meanwhile, saw a week-on-week climb of $7.29 per tonne, or 7%, to reach $111.56 per tonne, up from $104.27...

Published

Alex Theo

July 20, 2020

11:01 GMT

Singapore