Higher prices limit seaborne iron ore concentrates, pellet transactions

Seaborne iron ore concentrates and pellet transactions were limited in the week to Friday June 5 after prices surged in the wake of higher iron ore fines values.

Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $112.63 per tonne on June 5, up $6.31 per tonne from $106.32 per tonne a week earlier.
Whereas the weekly average of the Fastmarkets' index for 65% Fe Brazil-origin fines, cfr Qingdao, was at $114.24 per tonne for the week to June 5, up by $2.16, or 1.9%, from the previous weekly average of $112.08 per tonne.

Some traders said that, despite the iron ore concentrates still trading at discount...

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