Trading activity involving both seaborne iron ore concentrate and pellets thinned last week, which resulted in softer prices.
Concentrate The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $105.35 per tonne cfr China last Friday April 26, down $2.49 per tonne from a week earlier.The daily Fastmarkets MB 65% Fe Iron Ore Index averaged $107.64 per tonne cfr China last week, down $0.19 per tonne compared with an average of $107.83 per tonne cfr China in the preceding week.For the calculation of the concentrate index, fixed-price equivalents were calculated for activity on a floating-price basis. No data was discarded in the calculation of this index. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.A seller of 65% Fe Ukrainian low-sulfur concentrate was heard to have offered the product at either the May or June average of a 65% Fe index at a discount of $3 per tonne. Market sources had expected the product to change hands against...