Prices for seaborne iron ore concentrate and pellets fell further in the week ended Friday September 24 amid thin trading caused by weak demand attributed to a public holiday in China last week.
Fastmarkets iron ore indices
Pellet premium over 65% Fe fines, cfr China: $37.20 per tonne, up $3.50 per tonne
66% Fe concentrate, cfr Qingdao: $125.70 per tonne, down $9.84 per tonne
65% Fe blast furnace pellet, cfr Qingdao: $164.11 per tonne, down $8.92 per tonne
Key drivers
China observed a public holiday over September 19-21 to commemorate the Mid-Autumn Festival. Market sources said this further depressed demand for steelmaking raw materials.
Liquidity was thin and offers were fewer compared with a week earlier, an analyst in Shanghai said.
A mill source in northern China said that most mills were...