The seaborne iron ore concentrate and pellets markets both weakened in the week to January 11 amid lackluster demand from China.
ConcentrateThe weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $92.64 per tonne cfr China last Friday, down by $0.12 per tonne from a week earlier.The daily MB 65% Fe Iron Ore Index averaged $88.24 per tonne cfr China last week, compared with an average of $87.13 per tonne cfr China in the previous week.The increase in the concentrate index was based on the visible market activity detailed below. No data was discarded in the calculation of these indices. Any data received under data submitter agreements or subject to a confidentiality request will not be published.The Beijing Iron Ore Trading Center (Corex) reported a transaction involving a 65,000-tonne shipment of 65% Fe Karara concentrate with a mid-February...