The seaborne iron ore concentrates market has remained strong over the past two weeks, with some mills and traders stocking up for the Chinese New Year break.
China's seven-day Lunar New Year celebrations start on Friday February 16 and market participants do not anticipate a resumption in production until mid March. But there are concerns that the upward momentum might slow due to reduced buying activity at Chinese ports. Metal Bulletin's weekly 66% Fe Concentrates Index was up 1% to $97.11 per tonne cfr China on Friday January 5. Over the past two weeks, March-delivery 66% Fe Australian...