Seaborne iron ore concentrate and pellet prices retreated in the past week while the general iron ore market experienced corrections amid softer demand from China.
ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $119.41 per tonne last Friday July 26, down by $3.47 per tonne week on week.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, averaged $125.56 per tonne last week, compared with an average of $128.60 per tonne a week earlier.The price movement of the concentrate index was based on the visible market activity detailed below, which was included in the index calculation according to the published methodology. No data was discarded in the calculation of this index. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.Cargoes of 66.35%...