Prices for seaborne iron ore concentrate and pellet fell in the week ended Friday August 27 amid thin liquidity driven by weak demand, market sources said.
Fastmarkets iron ore indices
Pellet premium over 65% Fe fines, cfr China: $34.30 per tonne, down $0.20 per tonne
66% Fe concentrate, cfr Qingdao: $165.97 per tonne, down $4.02 per tonne
65% Fe blast furnace pellet, cfr Qingdao: $198.14 per tonne, down $9.60 per tonne
Key drivers
Prices for seaborne iron ore concentrate and pellet tracked the weakness in the iron ore fines segment and in iron ore futures as well, according to a trading source in Shanghai.
Overall demand for iron ore concentrate remained weak, and this could be observed in the thin liquidity seen in the seaborne market where most of the iron ore concentrate cargoes typically used for sintering flipped to deep discounts to a 65% Fe index, the trader added.
Some market participants, however,...