Seaborne iron ore concentrate and pellet prices rose last week in line with a general uptrend in the market for the steelmaking raw material.
ConcentrateThe weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $118.49 per tonne cfr China last Friday June 14, up by $6.47 per tonne week on week.The daily Fastmarkets MB 65% Fe Iron Ore Index averaged $120.98 per tonne cfr China last week, compared with an average of $115.03 per tonne cfr China a week earlier.The price movements were based on the visible market activity detailed below, which was included in the calculation of the indices according to published methodology. No data was discarded in the calculation of these indices. Any data received under Data Submitter Agreements or subject to a confidentiality request is not published. A Chinese steelmaker was heard to have bought a 110,000-tonne July-arrival cargo of 65% Fe Citic Pacific concentrate at the July average of a 65% Fe index at a discount of $6.50 per tonne.July-loading shipments of the product were also traded at...