Seaborne iron ore concentrate, pellet prices depressed by slumping fines

Seaborne iron ore concentrate and pellet prices plunged further in the week ended Friday May 28 amid downward pressure from the bigger fines segment of the market.

Fastmarkets iron ore indices
Pellet premium over 65% Fe fines, cfr China: $61.00 per tonne, down $0.10 per tonne
66% Fe concentrate, cfr Qingdao: $213.91 per tonne, down $30.21 per tonne
65% Fe blast furnace pellet, cfr Qingdao: $279.82 per tonne, down $20.28 per tonne
Key drivers
A call to curb high commodity prices by the Chinese government has largely led to sentiment in the iron ore market deteriorating during the week, putting a lot of pressure on the concentrate and pellets segments, a buyer source in southern China said.

The same source said that the depressed sentiment curtailed demand for both concentrate and pellets and some mills in China were starting...

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