Seaborne iron ore concentrate and pellet prices strengthened last week in line with gains in the wider market for the steelmaking raw material, especially the high-grade segment, amid strong demand from Chinese mills coupled with restrictions on sintering.
Concentrate
The weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $107.69 per tonne last Friday January 3, up $2.07 per tonne from
a week earlier.
The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, averaged $104.48 per tonne last week, up $2.10 per tonne compared with an average of $102.38 per tonne a week earlier.
The price movement of the concentrate index was based on visible market activity detailed below, which was included in its calculation according to published methodology. No data was discarded in the calculation of these indices. Any data received under Data Submitter Agreements or subject to a confidentiality request is not published.
Vale sold...