Prices for seaborne iron ore concentrate and pellets picked up some strength last week amid a general upward trend in the market, though the segment remained relatively weak overall.
ConcentrateThe weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $115.79 per tonne cfr China last Friday May 24, up $5.80 per tonne from a week earlier.The daily Fastmarkets MB 65% Fe Iron Ore Index averaged $118.43 per tonne cfr China last week, $6.03 per tonne higher than an average of $112.40 per tonne cfr China a week earlier.The price movements were based on visible market activity detailed below, which was included in the index calculation according to published methodology. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.An unknown number of 110,000-tonne cargoes of 65% Fe Citic Pacific concentrate to be shipped in June were heard to have been sold at the July average of a 65% Fe index at a discount...