Seaborne iron ore concentrate and pellet prices continued to increase last week but trading remained fairly inactive.
ConcentrateThe weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $118.10 per tonne cfr China last Friday on May 31, up by $2.31 per tonne week on week.The daily Fastmarkets MB 65% Fe Iron Ore Index averaged $120.58 per tonne cfr China last week, compared with an average of $118.43 per tonne cfr China a week earlier.The price movement was based on the visible market activity detailed below, which was included in the index calculation according to the published methodology. For the calculation of this index, judgment was applied to carry over data due to the low liquidity in the 24-hour pricing window, corresponding with published fallback measures. No data was discarded in the calculation of these indices. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published. A 60,000-tonne cargo of 65% Fe Ukrainian...