Seaborne iron ore concentrate and pellet prices fell along with the wider market last week ahead of a week-long holiday in China from October 1.
ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao stood at $96.45 per tonne last Friday September 27, down $4.06 per tonne from a week earlier.Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $98.26 per tonne last week, compared with an average of $102.22 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 published methodology. Judgment was used to carry over data in a sub-index due to low liquidity in the market, based on published fallback procedures.A data point was discarded in the calculation of this index pending an update of...