Seaborne iron ore concentrate and pellet markets continued to face low liquidity and falling prices in the week to Friday March 1, given limited demand from China for high-grade materials.
Concentrates The weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $96.94 per tonne cfr China last Friday, down by $6.03 per tonne from February 22.The daily Fastmarkets MB 65% Fe Iron Ore Index averaged $96.36 per tonne cfr China last week, compared with an average of $100.18 per tonne cfr China the previous week.Market participants heard that a 66% Fe Minas Rio concentrate cargo had traded at the April average of a 65% Fe index, adjusted for Fe content.And a Capesize cargo...