Fastmarkets iron ore indices
66% Fe concentrate, cfr Qingdao:
$192.61 per tonne, up $8.14 per tonne.
65% Fe blast furnace pellet, cfr Qingdao:
$213.54 per tonne, down $1.03 per tonne.
The forward month iron ore swaps contract on the Singapore Exchange strengthened last week, which contributed to the upward momentum experienced by prices for concentrate, sources said.
A buyer source in southern China said that gains experienced by the swaps contract in the absence of Chinese market participants in the earlier part of last week contributed to the price surge experienced by the concentrate segment.
He noted that demand had...