Seaborne concentrate, pellet prices boosted by gains in fines segment

Seaborne iron ore concentrate and pellet prices rose in the week ended Friday December 3, supported by gains in the high-grade iron ore fines segment, market sources told Fastmarkets.

Fastmarkets iron ore indices
66% Fe concentrate, cfr Qingdao: $122.20 per tonne, up $5.41 per tonne
65% Fe blast furnace pellet, cfr Qingdao: $168.35 per tonne, up $2.25 per tonne
Iron ore pellet premium over 65% Fe fines, cfr China: $49.70 per tonne, down $0.70 per tonne
Key drivers
Several market participants told Fastmarkets they believed the higher prices for high-grade concentrate and pellet were prompted by price gains in the high-grade fines segment.

For instance, the Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $117.10 per tonne in the week ended December 3, up by $3.26 per tonne from $113.84 per tonne a week earlier.
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Published

Alex Theo

December 06, 2021

04:19 GMT

Singapore