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
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.