Seaborne iron ore concentrate and pellet prices fell in the week to Friday July 12 amid generally weaker market conditions after earlier gains.
ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao stood at $121.85 per tonne on July 12, down by $3.27 per tonne week on week.The daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $127.94 per tonne over the week, similarly down by $3.12 per tonne from an average of $131.06 per tonne a week earlier.The price movement was based on the visible market activity detailed below, which was included in the index calculation according to the published methodology. No data was discarded in the calculation of this index. Any data received under Data Submitter Agreements or subject to a confidentiality request will not be published.August-loading cargoes of 65% Fe Karara concentrate...