The seaborne iron ore concentrate market softened last week on subdued demand after prices rose to their highest since March 2017 a week earlier.
The Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $96.82 per tonne cfr Qingdao for the week ended last Friday January 19, down $4.01 per tonne from a nine-month high of $100.83 per tonne cfr China in the preceding seven days. Metal Bulletin's 65% Fe Pellet Index was largely unchanged, at $120.26 per tonne cfr last week, compared with $120.34 per tonne a week earlier. A cargo of Chilean concentrate with a sulfur content of...